INS-COST BENEFIT ANALYSIS

Amends the State Employees Group Insurance Act of 1971. Provides that on or after January 1, 2022, any new mandated health insurance coverage of services or payment for specified providers enacted by the General Assembly shall apply only to the benefits provided under the Act. Provides that on or before March 1 of each year, after a one-year period for which the new mandate has been applied, the Department of Central Management Services shall submit a cost-benefit analysis report to the General Assembly. Provides that the report shall include the impact the mandated coverage has had on the state employee group health insurance program, data on costs of such mandated coverage and utilization, and a recommendation as to whether the mandated coverage should continue for the state employee group health insurance program or whether additional utilization and cost data is required. Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Provides that the Director of Insurance shall not take action or enforce compliance with an act of the General Assembly mandating health insurance coverage for services or payment for specified providers that applies the mandate to any individual or group policy of accident and health insurance unless specified conditions are met. Amends the Illinois Insurance Code to make conforming changes.