Arizona Laws 20-1342.04. Disability insurance policies; varying copayments and deductibles allowed
A. Except as provided in sections 20-1379 and 20-2304, a disability insurer may offer one or more disability insurance policies that contain a choice of deductibles, coinsurance, copayments, out-of-pocket and any other cost sharing levels. Plans offered under this section shall clearly disclose in marketing materials, certificates of coverage and contracts the insured‘s financial responsibilities. A disability insurer that offers such a disability insurance policy shall continue to provide any mandated health coverage that is required by this state or by federal law.
Terms Used In Arizona Laws 20-1342.04
- insured: as used in this article shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits and rights provided therein. See Arizona Laws 20-1370
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
B. This section does not prohibit a health benefits plan that is intended to qualify as a high deductible health plan as defined by 26 United States Code § 223(c)(2) from requiring the application of deductibles, copayments or coinsurance to benefits provided under the health benefits plan.