Starting July 1, Georgia state-licensed insurance companies will be able to sell out-of-state health insurance policies that provide less coverage than Georgia requires, according to an Insurance Journal report.
The law will authorize the sale of insurance policies across state lines for Georgia residents, among the first law of its kind in the United States. Supporters say the law could drive down prices by increasing competition and giving more options to uninsured state residents. Critics respond that out-of-state policies could fail to cover essential services such as diabetes care, mammograms and regular check-ups for pediatric patients, allow of which are required under Georgia law.
The new law takes effect at the start of the state's fiscal year, along with laws that would permit the Sunday sale of alcohol, allow billboard owners to clear trees blocking their signs and give tax breaks to developers spending $1 million or more to bring tourist attractions to the state.
While the law takes effect July 1, Georgia residents may still have to wait for out-of-state policies, as the state insurance commissioner's office must write and implement regulations on the policies before they are available.
Read the Insurance Journal report on Georgia health insurance.
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The law will authorize the sale of insurance policies across state lines for Georgia residents, among the first law of its kind in the United States. Supporters say the law could drive down prices by increasing competition and giving more options to uninsured state residents. Critics respond that out-of-state policies could fail to cover essential services such as diabetes care, mammograms and regular check-ups for pediatric patients, allow of which are required under Georgia law.
The new law takes effect at the start of the state's fiscal year, along with laws that would permit the Sunday sale of alcohol, allow billboard owners to clear trees blocking their signs and give tax breaks to developers spending $1 million or more to bring tourist attractions to the state.
While the law takes effect July 1, Georgia residents may still have to wait for out-of-state policies, as the state insurance commissioner's office must write and implement regulations on the policies before they are available.
Read the Insurance Journal report on Georgia health insurance.
Related Articles on Coding, Billing and Collections:
8 Problem Areas in the ASC Revenue Cycle
Fewer Physicians Accepting New Patients With Private Health Insurance
Arkansas Insurance Commissioner Asks to Set Up Health Insurance Exchange