Replaces everything after the enacting clause. Amends the Illinois Insurance Code, the State Employees Group Insurance Act of 1971, the Counties Code, the Illinois Municipal Code, the School Code, the Health Maintenance Organization Act, the Limited Health Service Organization Act, the Voluntary Health Services Plans Act, and the Illinois Public Aid Code to require coverage for hearing instruments and related services for all individuals 63 years of age and older when a hearing care professional prescribes a hearing instrument. Provides that an insurer shall provide coverage for hearing instruments subject to certain restrictions. Provides that an insurer shall not be required to pay a claim if the insured filed such a claim 24 months prior to the date of filing the claim with the insurer and the claim was paid by the insurer. Contains a nonacceleration provision.
Fiscal Note, House Committee Amendment No. 1 (Dept of Insurance)
HB 1333 (H-AM 1) has no projected fiscal impact upon the Illinois Department of Insurance. However, HB 1333 (H-AM 1) creates a state mandate that would require state funding. Under the ACA states cover the costs of mandates passed after 2011 that apply to individual and small group plans sold on and off the Marketplaces. Therefore, if this mandate increases the plan's premiums, Illinois will be responsible for funding the cost attributable to this mandate.
State Mandates Fiscal Note, House Committee Amendment No. 1 (Dept. of Commerce & Economic Opportunity)