SB 663
Removes statutory restriction that prohibits employer purchasing alliances from forming for the purpose of providing group health insurance
LR Number:
Last Action:
1/31/2006 - Hearing Conducted S Pensions, Veterans' Affairs and General Laws Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2006

Current Bill Summary

SB 663 - The act modifies Section 376.421, RSMo, by providing that a group health insurance policy may be delivered to an employer purchasing alliance. Current law provides that a group health insurance policy may not be issued to an association organized for the purposes of obtaining insurance. An employer purchasing alliance is defined as a nonprofit corporation run by a by a board of directors which is organized for the purposes of purchasing, coordinating, and administering health benefit plans on behalf of groups of employers and their employees.