Health and life insurance
HB 4164: Approval of Oregon Health Insurance Exchange Business Plan (Chapter 38, 2012 Oregon Laws)
HB 4164 approves the Oregon Health Insurance Exchange Corporation business plan as required by Senate Bill 99 (2011 legislative session). The bill also includes technical and conforming amendments. It clarifies the financial structure of the Exchange by removing role of State Treasury and allowing the exchange to operate as an independent entity, including establishing and depositing moneys into federally insured depositories.
HB 4164 also authorizes the board of directors or executive director of the Exchange to contract with carriers to develop innovative health benefit plans for employees of corporation if plans are approved the Department of Consumer and Business Services and exempts such plans from Insurance Code requirements for small employer health benefit plans.
Finally, the bill allows school districts and eligible employees of school districts (including community colleges) to obtain health insurance through the exchange beginning in 2015 rather than obtaining the coverage from the Oregon Education Benefits Board.
- Effective Date: March 8, 2012