State Age Rating Flexibility Act of 2016

Bill: 114-hr-5921
Sponsor: full_name: Rep. Bucshon, Larry [R-IN-8]
Introduced: 2016-07-21
Policy area: Health
Subjects: Age discrimination

Aging

Health care costs and insurance

Insurance industry and regulation
Latest action: action_date: 2016-07-21
text: Referred to the House Committee on Energy and Commerce.

Summaries:
action_date: 2016-07-21
action_desc: Introduced in House
text: <p><b>State Age Rating Flexibility Act of 2016</b></p> <p>This bill amends the Public Health Service Act to increase the permissible variation based on age for health insurance premiums for coverage offered in the individual or small group market from a factor of three to a factor of five, or to a factor determined by the state. This applies to plan years starting on or after January 1, 2018.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5921 IN THE HOUSE OF REPRESENTATIVES July 21, 2016 Mr. Bucshon introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend title XXVII of the Public Health Service Act to change the permissible age variation in health insurance premium rates.

1. Short title This Act may be cited as the State Age Rating Flexibility Act of 2016 . 2. Change in permissible age variation in health insurance premium rates Section 2701(a)(1)(A)(iii) of the Public Health Service Act ( 42 U.S.C. 300gg(a)(1)(A)(iii) ), as inserted by section 1201(4) of Public Law 111–148 , is amended by inserting after 3 to 1 for adults (consistent with section 2707(c)) the following: or, for plan years beginning on or after January 1, 2018, 5 to 1 for adults (consistent with section 2707(c)) or such other ratio for adults (consistent with section 2707(c)) as the State involved may provide .