Section 5 of SB 479 Removed

Diversified Group Benefits

Hi All:

Thank you all (clients, brokers, stop-loss carriers and business partners) for a great effort in taking the time to consider this matter and submit testimony and or letters to your representatives in opposition to Section 5 of Bill 479.

We received word last Thursday (3/20/14) at 5pm, upon the final vote of the Insurance and Real-Estate Committee, that Section 5 was removed and our action was a success!

Upon review of the testimony submitted to the committee, we believe that the Connecticut Exchange wanted a minimum stop-loss amount even higher than $45,000. We will need to keep a close eye on this for any amendments throughout the rest of this legislative session and in subsequent years. If something comes up, we will let you know.

If you would like to see the testimony submitted to the committee, please go to this link:

http://www.cga.ct.gov/asp/menu/CommDocTmyBillAllComm.asp?bill=SB-00479&doc_year=2014