Synopsis As Introduced Amends the Accident and Health Insurance Article of the Illinois Insurance Code. Provides that insurers may sell accident and health insurance coverage that does not include all coverages required under that Article. Requires insurers to provide notice to purchasers of the fact that not all required coverages are included in the policy. Effective immediately.
Senate Floor Amendment No. 1 Replaces everything after the enacting clause with similar provisions authorizing insurers to offer "health flex plans", insurance plans that do not offer all coverages otherwise required by State Law. Specifies coverages that may be omitted. Requires notice of the limited coverages to be provided to the policyholders. Effective immediately.