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November 1, 2022 — Today is the start of Open Enrollment for the Affordable Care Act (ACA) Health Insurance Marketplace that runs from November 1, 2022, through January 15, 2023. Once again, Illinoisans will benefit from having an additional month to enroll, just as they did last year. The Illinois Department of Insurance also released health insurance rates for the 2023 Plan Year, announcing that there are eleven issuers offering ACA Marketplace plans. There were eleven issuers in plan year 2022, eight issuers in plan year 2021, and five in plan year 2020.
October 18, 2022 - The Illinois Department of Insurance (IDOI) announced today a $1.25 million fine for Celtic Insurance Company, a subsidiary of Centene Corporation, for violating the Mental Health Parity and Addiction Equity Act (MHPAEA) and the Network Adequacy and Transparency Act (NATA), as revealed in the Department's comprehensive market conduct examination of the company.
October 13, 2022 — The Illinois Department of Insurance (IDOI) will now require that insurance companies licensed to write business in the state complete an annual survey detailing the risks of climate change to their business operations, assets, and investments, as well as their plans to address those risks. The National Association of Insurance Commissioners (NAIC)* Climate Risk and Resiliency Task Force recently updated the disclosure survey to align with the standard set by the international Task Force on Climate-Related Financial Disclosures (TCFD).
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