215 ILCS 210/1
Short title
Short title. This Act may be cited as the Health Insurance Coverage Premium Misalignment Study Act. (Source: P.A. 102-900, eff. 1-1-23.)
Illinois Compiled Statutes 215 ILCS 210 — Health Insurance Coverage Premium Misalignment Study Act.
Illinois · statute · 215 ILCS 210 · 4 active provisions
215 ILCS 210/5
Purpose
Purpose. This Act is intended to enable the State to study possible misalignment in the Illinois health insurance marketplace that would produce increased premium or cost sharing for some consumers and drive some consumers into lower value qualified health plans or out of the marketplace altogether. (Source: P.A. 102-9…
215 ILCS 210/10
Findings
Findings. The General Assembly finds that: (1) Section 1402 of the Patient Protection and Affordable Care Act requires health insurance issuers to provide cost-sharing reductions to low-income marketplace consumers below the 250% federal poverty level who choose a silver level plan; it also requires the United States D…
215 ILCS 210/15
Premium misalignment study
Premium misalignment study. (a) The Department of Insurance shall oversee a study to explore rate setting approaches that may yield a misalignment of premiums across different tiers of coverage in Illinois' individual health insurance market. The study shall examine these approaches with a view to attempts to make cove…