SF0084 • 2013

Wyoming health insurance pool-premiums.

AN ACT relating to insurance; freezing premiums for the Wyoming health insurance pool as specified; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Senator Scott
Last action: 2013-03-04
Official status: enrolled
Effective date: 7/1/2013

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0084SS001

Standing Committee • SCOTT

Adopted

Plain English: Adopted Standing Committee by SCOTT

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2013-03-04 LSO
Assigned Chapter Number
2013-03-01 Governor
Governor Signed SEA0060
2013-02-25 House
H Speaker Signed SEA No. 0060
2013-02-25 Senate
S President Signed SEA No. 0060
2013-02-22 LSO
Assigned Number SEA0060
2013-02-22 House
H Passed 3rd Reading
2013-02-21 House
H Passed 2nd Reading
2013-02-20 House
H Passed CoW
2013-02-12 House
H Placed on General File
2013-02-12 House
H10 Recommended Do Pass
2013-01-28 House
H Introduced and Referred to H10
2013-01-22 House
H Received for Introduction
2013-01-21 Senate
S Passed 3rd Reading
2013-01-18 Senate
S Passed 2nd Reading
2013-01-17 Senate
S Passed CoW
2013-01-17 Senate
S Amendments Adopted
2013-01-17 Senate
Amendment Adopted
2013-01-14 Senate
S Placed on General File
2013-01-14 Senate
S10 Recommended Amend and Do Pass
2013-01-09 Senate
S Introduced and Referred to S10
2013-01-08 Senate
S Received for Introduction
2013-01-07 LSO
Bill Number Assigned

Official Summary Text

Bill No.: <billno> Drafter: <drafterinit>

Bill No.:
SF0084
Drafter:

LGC

LSO No.:
13LSO-0216
Effective Date:

7/1/2013

Enrolled Act No.:
SEA0060

Chapter No.:
CH0113

Prime Sponsor:
Senator Scott

Catch Title:
Wyoming health insurance pool-premiums.

Subject:
Freezing premiums for the Wyoming health insurance
pool

Summary/Major
Elements:

The Wyoming health insurance pool is an insurance
program of last resort for people who cannot obtain health insurance otherwise
for various reasons. The statutes set premium rates based on a percentage of
standard risks.

This act freezes those premium rates for the period July
1, 2013 through June 30, 2015, at the rates in effect on January 1, 2013.
However, the board may adjust those rates to reflect increases in the cost of
claims and expenses.

Comments:

Contains delayed
effective/repeal date: June 30, 2015

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL SENATE
FILE

NO.
0084

ENROLLED ACT NO. 60, SENATE

SIXTY-SECOND LEGISLATURE OF THE STATE OF WYOMING
2013 GENERAL SESSION

AN ACT relating to insurance; freezing premiums for the Wyoming health insurance pool as specified;
and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 26
‑
43
‑
107(c) and by creating a new subsection (e) is amended to read:

26
‑
43
‑
107.

Premiums; standard risk rate.

(c)

Initial rates for pool coverage in the first year coverage is provided pursuant to this act shall not be less than one hundred fifty percent (150%) of rates established as applicable for individual standard risks. Subsequent rates may provide for the expected costs of claims including recovery of prior losses, expenses of operation, investment income of claim reserves, and any other costs factors subject to the limitations provided by this subsection. Beginning July 1, 2007
, except as provided in subsection (e) of this section
, there shall be two (2) levels of eligibility. Level one (1) eligibility applies to persons with income equal to or greater than two hundred fifty percent (250%) of the federal poverty guideline. Level two (2) eligibility applies to persons with income below two hundred fifty percent (250%) of the federal poverty guideline. Premium rates for level one (1) eligibility shall be set at one hundred fifty percent (150%) to two hundred percent (200%) of rates applicable to individual standard risks. Premium rates for level two (2) eligibility shall be set at one hundred percent (100%) to one hundred thirty-five percent (135%) of rates applicable to individual standard risks. All rates and rate schedules shall be submitted to the commissioner for approval. The rates shall be set as close as practical to the lower end
of the range provided.

For the period July 1, 2013 through June 30, 2015, premium rates shall be as provided in subsection (e) of this section.

(e)

For the period July 1, 2013 through June 30, 2015, premium rates shall be the rates in effect on January 1, 2013, except the
board
may adjust those rates to reflect increases in
the cost of
claims and expenses.

Section 2.

This act is effective July 1, 2013.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1