H.R. 1304 – Self Insurance Protection Act: YES
H.R. 1304 – Self Insurance Protection Act: YES. Some employers set up their own employee health care fund, and will often buy stop-loss insurance that picks up costs above a certain amount, thus protecting the employer from catastrophic losses and assuring employees’ expenses are covered. Some states are attempting to regulate these stop loss agreements as health insurance, driving them out of the market. This bill makes clear that these contracts are financial instruments and not to be regulated as if they were end-user health insurance.