20-1342.04. Disability insurance policies; varying copayments and deductibles allowed
A. Except as provided in sections 20-1379 and 20-2304, a disability insurer may offer one or more disability insurance policies that contain a choice of deductibles, coinsurance, copayments, out-of-pocket and any other cost sharing levels. Plans offered under this section shall clearly disclose in marketing materials, certificates of coverage and contracts the insured's financial responsibilities. A disability insurer that offers such a disability insurance policy shall continue to provide any mandated health coverage that is required by this state or by federal law.
B. This section does not prohibit a health benefits plan that is intended to qualify as a high deductible health plan as defined by 26 United States Code section 223(c)(2) from requiring the application of deductibles, copayments or coinsurance to benefits provided under the health benefits plan.
Section: Previous 20-1317 20-1318 20-1341 20-1342 20-1342.01 20-1342.02 20-1342.03 20-1342.04 20-1342.05 20-1342.06 20-1343 20-1344 20-1345 20-1346 20-1347 NextLast modified: October 13, 2016