LRB-0222/1
RAC:wlj:jf
2011 - 2012 LEGISLATURE
DOA:......Frederick, BB0078 - GIB Long-Term Care insurance Options
For 2011-13 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Retirement and group insurance
Currently, the Group Insurance Board (GIB) must offer to state employees and annuitants long-term care insurance policies that have been approved for offering under contracts established by GIB if an insurance company requests that the policy be offered. This bill eliminates the authority of an insurance company to require GIB to offer its long-term care insurance policy.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 40.03 (6) (h) (intro.) and 2. of the statutes are consolidated, renumbered 40.03 (6) (h) and amended to read:
40.03 (6) (h) Shall, on behalf of the state, offer as provided in s. 40.55 long-term care insurance policies, subject to the following conditions: 2. For purposes of this section, the offering by the state of long-term health insurance policies shall constitute a group insurance plan under par. (a) 1.
Section
2. 40.03 (6) (h) 1. of the statutes is repealed.
Section
3. 40.55 (1) of the statutes is amended to read:
40.55 (1) Except as provided in sub. (5), the state shall offer, through the group insurance board, to eligible employees under s. 40.02 (25) (bm) and to state annuitants long-term care insurance policies which have been filed with the office of the commissioner of insurance and which have been approved for offering under contracts established by the group insurance board if the insurer requests that the policy be offered and the. The state shall also allow an eligible employee or a state annuitant to purchase those policies for his or her spouse, domestic partner, or parent.
(End)
