H.R. 2813 · 118th Congress
Self-Insurance Protection Act
- Stage
- Reported from committee
- Sponsor
- Bob Good
- Introduced
- 2023-04-25
- Latest action
- 2024-12-17 · Referred to the Subcommittee on Health.
Summary
Self-Insurance Protection Act
This bill specifies that stop-loss coverage is not health insurance coverage for purposes of regulation under the Employee Retirement Income Security Act of 1974.
Stop-loss policies are generally obtained by self-insured health plans or sponsors of self-insured group health plans to reimburse the plan or sponsor for losses incurred in providing health benefits to plan participants in excess of a level set forth in the stop-loss policy.
The bill also preempts state laws that prevent employers from obtaining stop-loss coverage.