Florida Senate - 2013                          SENATOR AMENDMENT
       Bill No. CS for SB 1842
       
       
       
       
       
       
                                Barcode 527092                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 2/F/2R          .                                
             04/24/2013 11:08 AM       .                                
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       Senator Soto moved the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 650 - 705
    4  and insert:
    5         (a)For each individual and small group nongrandfathered
    6  health plan, an insurer or health maintenance organization shall
    7  include a notice of the estimated impact of PPACA on monthly
    8  premiums with the delivery of the policy or contract or, upon
    9  renewal, the premium renewal notice, unless the insurer or
   10  health maintenance organization indicates that such impacts are
   11  indeterminate. The notice must be in a format established by
   12  rule of the commission. All notices shall be submitted to the
   13  office for informational purposes by September 1, 2013. The
   14  notice is required only for the first issuance or renewal of the
   15  policy or contract on or after January 1, 2014.
   16         (b)The information provided in the notice must be prepared
   17  by an actuary and use only the information contained in the rate
   18  filing required under paragraph (6)(a) or as otherwise required
   19  under PPACA, and must be based on the statewide average premium
   20  for the policy or contract for the bronze, silver, gold, or
   21  platinum level plan, whichever is applicable to the policy or
   22  contract, and provide an estimate of the following effects of
   23  PPACA requirements:
   24         1.The dollar amount of the premium which is solely
   25  attributable to the impact of guaranteed issuance of coverage.
   26  This estimate must include itemized subestimates of the impact
   27  of the requirement that rates be based on factors unrelated to
   28  health status, how the individual coverage mandate and subsidies
   29  provided in the health insurance exchange established in this
   30  state pursuant to PPACA affect the impact of guaranteed issuance
   31  of coverage, and estimated reinsurance credits.
   32         2.The dollar amount of the premium which is solely
   33  attributable to fees, taxes, and assessments.
   34         3.For individual policies or contracts, the dollar amount
   35  of the premium increase or decrease from the premium that would
   36  otherwise have been due which is attributable to the combined
   37  impact of the requirement that rates for age be limited to a 3
   38  to-1 ratio and the prohibition against using gender as a rating
   39  factor. This estimate must be displayed for the average rates
   40  for male and female insureds, respectively, for the following
   41  three age categories: age 21 years to 29 years, age 30 years to
   42  54 years, and age 55 years to 64 years.
   43         4.The dollar amount that is solely attributable to the
   44  requirement that essential health benefits be provided and to
   45  meet the required actuarial value for the product, as compared
   46  to the statewide average premium for, and actuarial value of,
   47  the policy or contract for the plan issued by that insurer or
   48  organization that has the highest enrollment in the individual
   49  or small group market on July 1, 2013, whichever is applicable.
   50  The statewide average premiums and actuarial value of the plan
   51  that has the highest enrollment must include all policyholders,
   52  including those that have health conditions that increase the
   53  standard premium. The notice must also itemize the primary
   54  differences between the plans being compared with respect to
   55  covered benefits, including limitations and exclusions, and
   56  cost-sharing requirements.
   57         5. For policyholder groups of various household sizes and
   58  income levels as specified in rule, the dollar amount of the
   59  portion of the statewide average premium that would be paid on
   60  behalf of a policyholder who qualifies for premium tax credits
   61  under PPACA and who purchases a comparable bronze, silver, gold,
   62  or platinum level plan.
   63         6. For policyholder groups of various household sizes and
   64  income levels as specified in rule, the maximum dollar amount of
   65  out-of-pocket costs paid on behalf of a policyholder who
   66  qualifies for cost-sharing reductions under PPACA and who
   67  purchases a comparable bronze, silver, gold, or platinum level
   68  plan.
   69         7. For each of the 3 most recent plan years for which
   70  information is available, the ratio of the weighted sum of the
   71  dollar amounts provided pursuant to subparagraphs 1.-4. to the
   72  weighted average of the annualized dollar amounts of all
   73  approved rate increases, taken across all of the insurer’s or
   74  health maintenance organization’s applicable policy forms in the
   75  applicable markets.
   76         (c)The office, in consultation with the department, shall
   77  develop a summary of the estimated impact of PPACA on monthly
   78  premiums as contained in the notices submitted by insurers and
   79  health maintenance organizations, which must be available on the
   80  respective websites of the office and department by October 1,
   81  2013.
   82         (d)By January 1, 2015, each insurer or health maintenance
   83  organization providing the notice described in paragraph (a) for
   84  one or more nongrandfathered plans shall provide the office with
   85  a report, certified by an actuary, which compares the estimates
   86  previously provided for each plan under paragraph (b) with the
   87  actual amounts corresponding to such estimates.
   88         (e) This subsection is repealed on March 1, 2015.