AZ LEG Ins Health Savings Programs

On May 1, AZ LEG passed bill re medical expense reimbursements.

  • AZ LEG passed Senate bill SB 1402 re consumer medical expense reimbursement.
  • Add section AZ INS 20-111 (health insurers saving incentive program, definitions).
  • Key Bill Provisions
  • Health insurers may establish health care savings programs for eligible policyholders.
  • Allows the policyholder/enrollee to be reimbursed a certain amount or have their cost of medical expense applied to the deductible or their annual out-of-pocket maximum.
  • Applies to those policyholders that receive medical care below their insurer's usual reimbursement rate to the policyholder's health care provider or health care facility.
  • Legislative History
  • On Jan. 31, 2024, bill introduced in Senate; on Mar. 5, 2024, bill passed in the Senate.
  • On Mar. 12, 2024, bill introduced in House; on Apr. 24, 2024, bill passed in the House.
  • On May 1, 2024, bill transmitted to the governor, awaits signature / approval or veto.
  • Effectiveness
  • Bill effective on Sep. 14, 2024 (91 days after Jun. 15 adjournment).
  • May 6, 2024 AZ LEG Governor Approval
  • On May 6, 2024, AZ LEG governor approved bill SB 1402, assigned Chapter 184.

Regulators AZ LEG
Entity Types CNSM; Ins
Reference Ch. 184, 5/6/2024; Bill SB1402, 5/1/2024; Citation: AZ INS 20;
Functions Claims/Accelerated Benefits; Compliance; Financial; Legal; Product Administration
Countries United States of America
Products Insurance; Insurance-Health
Regions Am
Rule Type Final
Rule Date 5/1/2024
Effective Date 9/14/2024
Rule Id 210775
Linked to N/A
Reg. Last Update 5/6/2024
Report Section US Insurance

Last substantive update on 05/10/2024