Self-Insurance Protection Act

Bill 119 HR 2571 aims to make changes to the Employee Retirement Income Security Act of 1974 (ERISA) by excluding certain types of medical stop-loss insurance from being considered as health insurance coverage. This exclusion would apply to medical stop-loss insurance obtained by certain plan sponsors of group health plans.

Medical stop-loss insurance is a type of coverage that protects employers who self-fund their employee health plans from large, unexpected medical claims. By excluding this type of insurance from the definition of health insurance coverage, the bill seeks to clarify the distinction between traditional health insurance and stop-loss insurance.

The bill also includes provisions for other purposes, although specific details on these purposes are not provided in the summary. Overall, the goal of Bill 119 HR 2571 is to address issues related to the regulation and classification of medical stop-loss insurance under ERISA.