Florida Senate - 2011                                    SB 1426
       
       
       
       By Senator Hays
       
       
       
       
       20-01322-11                                           20111426__
    1                        A bill to be entitled                      
    2         An act relating to the repeal of health insurance
    3         provisions; amending s. 627.64872, F.S.; deleting a
    4         requirement that the annual report of the Florida
    5         Health Insurance Plan’s board of directors include
    6         certain actuarial information relating to levels of
    7         coverage and funding; amending s. 627.6699, F.S.;
    8         deleting a requirement that the Office of Insurance
    9         Regulation of the Department of Financial Services
   10         annually report to the Governor and the Legislature
   11         concerning the Small Employers Access Program;
   12         providing an effective date.
   13  
   14  Be It Enacted by the Legislature of the State of Florida:
   15  
   16         Section 1. Subsection (6) of section 627.64872, Florida
   17  Statutes, is amended to read:
   18         627.64872 Florida Health Insurance Plan.—
   19         (6) ANNUAL REPORT.—The board shall annually submit to the
   20  Governor, the President of the Senate, and the Speaker of the
   21  House of Representatives a report that includes an independent
   22  actuarial study to determine, without limitation, the following:
   23         (a) The effect the creation of the plan has on the small
   24  group and individual insurance market, specifically on the
   25  premiums paid by insureds, including an estimate of the total
   26  anticipated aggregate savings for all small employers in the
   27  state.
   28         (b) The actual number of individuals covered at the current
   29  funding and benefit level, the projected number of individuals
   30  that may seek coverage in the forthcoming fiscal year, and the
   31  projected funding needed to cover anticipated increase or
   32  decrease in plan participation.
   33         (b)(c) A recommendation as to the best source of funding
   34  for the anticipated deficits of the pool.
   35         (c)(d) A summary of the activities of the plan in the
   36  preceding calendar year, including the net written and earned
   37  premiums, plan enrollment, the expense of administration, and
   38  the paid and incurred losses.
   39         (d)(e) A review of the operation of the plan as to whether
   40  the plan has met the intent of this section.
   41  
   42  The board may not implement the Florida Health Insurance Plan
   43  until funds are appropriated for startup costs and any projected
   44  deficits; however, the board may complete the actuarial study
   45  authorized in this subsection.
   46         Section 2. Paragraph (l) of subsection (15) of section
   47  627.6699, Florida Statutes, is amended to read:
   48         627.6699 Employee Health Care Access Act.—
   49         (15) SMALL EMPLOYERS ACCESS PROGRAM.—
   50         (l) Annual reporting.—The office shall make an annual
   51  report to the Governor, the President of the Senate, and the
   52  Speaker of the House of Representatives. The report shall
   53  summarize the activities of the program in the preceding
   54  calendar year, including the net written and earned premiums,
   55  program enrollment, the expense of administration, and the paid
   56  and incurred losses. The report shall be submitted no later than
   57  March 15 following the close of the prior calendar year.
   58         Section 3. This act shall take effect July 1, 2011.