August 16, 2022
On June 26, 2022, Gov. DeSantis approved SB 156 into law. The new law requires group health insurers to provide a loss run statement to an employer plan sponsor within 15 days of request. For this purpose, a loss run statement is defined as a report that contains: the premiums paid, the number of insureds on a monthly basis and the dependent status, policy number, the period of coverage, the number of claims, the paid losses on all claims and the date of each loss. The law was effective upon signature.
Employers with plans regulated by the state should be aware of their ability to access this information.