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Life Health > Health Insurance > Life Insurance Strategies

Show Me State Bill Would Regulate Discount Plans

By Staff Writer

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Missouri insurance regulators are supporting a state bill that would permit them to oversee programs that offer discounts on health care without also offering health insurance.

Sen. Chris Koster, R-Harrisonville, Mo., has introduced the bill as S.B. 381 in the state Senate, and Rep. Brian Yates, R-Lee’s Summit, Mo., has introduced the bill as H.B. 586 in the state House.

One provision of the bill would give the director of the Missouri Department of Insurance, Financial Institutions and Professional Institutions the authority to regulate discount programs and examine their operations.

Another provision would require registered discount programs to maintain a net worth of at least $150,000 and maintain a surety bond with the director of at least $35,000.

Links to the text of the bill and other information about the bill are on the Web at Document Link

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