Amended disclosure requirements to policyholders; increased requirement of request from policyholder from 25 to 50 insured employees under group health ins policy.
Added provisions on information must be provided, including that monthly premium, claims, enrollment report must include medical claims, pharmacy claims on paid basis.
Also, high-cost claimant report applicable to enrolled member with claims over $10k.
Report must be provided to policyholder 30 days from date of request of policyholder.
Policyholder may request reporting under no more frequently than on quarterly basis.
Legislative History
On Mar. 12, 2025, bill introduced into House; on Mar. 31, 2025, bill passed the House.
On Mar. 31, 2025, bill introduced into Senate; on Apr. 8, 2025, bill passed the Senate.
On Apr. 10, 2025, House concurred Senate amendments, delivered to the governor.
On Apr. 16, 2025, bill was approved by governor, and notification that now Act 651.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
Regulators
ARK LEG
Entity Types
Ins
Reference
Bill HB1771, Act 651, PR, 4/16/2025: Citation: ARK INS 23-3-86-1-119;
