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DFR tells committee health care sharing plans are not insurance as members consider H102 reporting requirement
Summary
Mary Block, deputy commissioner of insurance at the Department of Financial Regulation, told a legislative committee that "health care sharing plans are not insurance" and described regulatory limits and consumer risks as members discussed H102, a reporting bill modeled on Colorado's requirement.
Mary Block, deputy commissioner of insurance at the Department of Financial Regulation (DFR), told a legislative committee that "health care sharing plans are not regulated by DFR. They are not insurance." The committee was meeting to revisit provisions of H585 and to hear information about H102, a proposal to require reporting by health care sharing plans.
Block described sharing plans as "member driven" and often faith-based, noting membership can require a statement of faith and commitments to live according to an organization's tenets. She said the plans are "not ACA compliant," can include exclusions for preexisting conditions and services that conflict with a group's religious tenets, and typically target healthier individuals seeking basic preventive care…
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