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Senate committee approves bill requiring insurers to label ID cards as self-funded or insured
Summary
The Senate Insurance & Commerce Committee passed SB 527 to require payers to identify on ID cards whether plans are self-funded or fully insured, aiming to reduce confusion for providers about applicable state insurance rules. The bill passed on a committee voice vote.
The Senate Insurance & Commerce Committee voted to approve SB 527, a measure that would require payers to mark health insurance ID cards to show whether a plan is self-funded or fully insured.
Supporters, including Senator Bledsoe and David Ivers of the Mitchell Williams law firm (representing the Arkansas Medical Society), said the change would reduce…
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