Florida Senate - 2013 SENATOR AMENDMENT Bill No. CS for SB 1842 Barcode 527092 LEGISLATIVE ACTION Senate . House . . . Floor: 2/F/2R . 04/24/2013 11:08 AM . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— 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.