Illinois pursues abortion coverage for people with little or no insurance
House Bill 5408 would take advantage of an under-used provision of the Affordable Care Act that requires insurance plans that offer coverage for abortions in instances that go beyond rape, incest and life of the mother to collect at least
Federal law requires the insurers to segregate that money and use it only for abortion care.
The bill is meant to give insurers clarity about how to use the money they collect, according to Rep.
"Similar bills have passed in
Counting the money
In
In
HB 5408 would require insurance companies to report to the
Passed on partisan lines
Moeller presented the bill at the
"My colleagues, we all understand, especially on the Democratic side, how important it is to provide a place for women to access reproductive health care, especially since these rights are under assault in so many places in our country," Moeller said.
Federal law prohibits federal money being used for abortion care unless the pregnancy is the result of rape or incest or the abortion is needed to save the life of the mother, but states have more leeway.
Moeller said this bill is just another way the state can support people who need abortions for reasons that don't meet federal guidelines. Advocates said it also creates a new funding stream to help providers keep up with demand.
Insurers object
Opponents of the
"It mirrors the
She said the
"While we remain committed to working with the sponsor, this bill, in its current form, is not workable for the industry," she said.
Since the 2022 overturn of Roe v. Wade,
According to the governor's office, this fund is not connected to the recently announced
According to the latest numbers from the
"We need to just stay vigilant so that it (abortion access) stays protected in



AZ small businesses deserve better on health insurance costs
Illinois inches closer to reining in excessive car insurance premiums
Advisor News
- How smart investments prepare clients for inflation
- Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
- The biggest risk to your clients’ financial plans isn’t market volatility
- Initiative looks at how caregiving impacts workplace benefits
- Will rising retirement needs spark an annuity boom?
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity NewsHealth/Employee Benefits News
- Local drop in ACA coverage among highest in state
- Agent groups speak out against congresswoman’s call to limit MA compensation
- A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
- Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
- Final rules for Medicaid work requirements are out. Here's what you need to know.
More Health/Employee Benefits NewsLife Insurance News
- Why premium-financed IUL is failing
- AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
- Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
More Life Insurance News