Health insurance
companies will be required to cover mental health and substance use disorders
the same way they cover physical ailments under a new state law.
Gov. Kevin Stitt on
Tuesday signed legislation to require companies that offer health coverage and
are regulated by the state insurance department to follow federal laws on
parity in the health care industry.
Senate Bill 1718 tasks Oklahoma
Insurance Commissioner Glen Mulready with ensuring all in-state health plans
comply with a 2008 federal law signed by President George W. Bush that calls
for financial parity.
Despite federal
requirements, many states, and the country as a whole, still struggle to
provide equal coverage for mental health and substance use treatment. This
inequality can come in the form of fewer in-network physicians or unequal
reimbursement rates for behavioral health compared to physical health.
Insurance
companies that offer mental health or substance use disorder plans also would
have to report annually to the Insurance Commissioner the process by which they
determine the criteria for mental health benefits and the criteria for medical
and surgical benefits.
The
department would be required to make the reports public by June 1, 2021, and
every June thereafter.
This
law will take effect Nov. 1.
About OrionNet Systems
OrionNet is an Oklahoma small
business founded in 2001. OrionNet has designed, developed and supported
applications created both for the client-server and web environments, as well
as developing, marketing and supporting a commercial application for the counseling
centers industry.
Visit the OrionNet Systems’
website, www.iorion.com, or
their social media pages, https://twitter.com/ThinkHealth & https://www.facebook.com/pages/OrionNet-Systems/139352156150090 for more information.
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