SB2789 103RD GENERAL ASSEMBLY

LRB103 35941 RPS 66028 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2789

Introduced 1/17/2024, by Sen. Laura M. Murphy

SYNOPSIS AS INTRODUCED:

215 ILCS 5/356z.71 new

Amends the Illinois Insurance Code. Provides that no individual or group policy of accident and health insurance shall amend, deliver, issue, or renew a policy in a way that changes an insured's eligibility or coverage during a contract period. During a contract period, an insured shall have the protection and continuity of his or her providers, his or her medication, his or her covered benefits, and the formulary during the contract period.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Insurance Code is amended by adding Section 356z.71 as follows:

(215 ILCS 5/356z.71 new)

Sec. 356z.71. Contract terms; coverage. No individual or group policy of accident and health insurance shall amend, deliver, issue, or renew a policy in a way that changes an insured's eligibility or coverage during a contract period. During a contract period, an insured shall have the protection and continuity of his or her providers, his or her medication, his or her covered benefits, and the formulary during the contract period.