State Sen. Preston Smith (R-Rome) has just cut loose with a pair of health care reform bills that, on first glance, look like they might have legs.
Among the provisions of S.B. 330 and 331, according to Smith:
– Prohibits health insurance companies from unjustly canceling health insurance “rescissions.” This will end the practice of health insurance companies rescinding or cancelling an insurance policy based upon their allegation that the original application contained an error or omission, which is often not even related to the claim. This provision ensures that no Georgian’s access to needed medical care will be harmed by the wrongful cancelation of their health insurance plan.
– Extends health insurance coverage benefits to dependents up to age 25, regardless of whether they are full-time students. This allows parents to keep their children on their health plan through young adulthood, increasing young adults’ access to affordable health coverage. “Young adults shouldn’t lose their coverage simply because they needed five years to complete college or were unable to find a job after graduation,” noted Sen. Smith.
– Eliminates the common practice of placing annual and lifetime caps on insurance policies. The bill prohibits health plans from arbitrary annual or lifetime spending caps, protecting individuals with a catastrophic diagnosis or chronic disease by ensuring health plans meet their obligations to those with the most expensive medical needs.
– Expands access and lowers cost for small businesses to offer affordable group health insurance options to their employees. These provisions will allow small businesses to pool together through association health plans and leverage lower cost health insurance on behalf of their employees. By creating larger insurance pools for small businesses, these provisions will make health insurance more affordable and more accessible.
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