On August 27, 2021, Governor Pritzker signed the Shopper Safety Disclosure Act (the Regulation), which took impact instantly. The legislation requires Illinois employers (each personal and authorities) to supply all new staff eligible for group medical insurance and all group well being subscribers with an easy-to-understand comparability of plan advantages and “important” well being advantages yearly “Required by the Illinois Division of Insurance coverage (DOI) for medical insurance protection for people and small teams. The legislation doesn’t prescribe protection of important well being companies, it solely prescribes a disclosure that compares the present safety of advantages of an employer with the listing of important well being companies of the DOI. This comparability could be supplied by e mail or posted on an internet site that an worker can entry recurrently.

The lately issued DOI steadily requested Questions regarding the legislation and included a pattern comparability chart itemizing Illinois’ important well being advantages for 2020-2022. Employers who sponsor group well being plans ought to work with their exterior directors and insurance coverage carriers to arrange for disclosure. Provided that the timing necessities below the legislation are much like these for the Summaries of Advantages and Protection (SBC), many employers could wish to plan to ship the brand new disclosure together with the SBC. The Illinois Division of Labor has enforcement powers below the legislation. Employers who fail to supply the disclosure have 30 days to conform or face penalties.

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