Bill
SB 1001
SB 1001 establishes Connecticut regulatory standards for stop loss insurance purchased by self-insured employers to cap their healthcare claim liability.
SB 1001 establishes new regulatory frameworks for stop loss insurance in Connecticut, a specialized product typically purchased by self-insured employers to protect against catastrophic employee healthcare claims. The bill aims to define coverage parameters, disclosure requirements, and consumer protections for this insurance category. Currently, stop loss insurance operates with minimal state oversight compared to traditional health insurance.
Stop loss insurance is a critical financial tool for mid-sized and large self-insured employers managing healthcare costs, affecting thousands of Connecticut workers and their families indirectly through employer benefit stability. Inadequate regulation can lead to claim denials, unfair exclusions, or market instability when carriers experience unexpected losses. Proper oversight protects employers from predatory pricing while ensuring carriers remain solvent to pay legitimate claims.
Compiled from official sources — confirm details with the bill’s official record.
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