Act 412 Report

Commissioner Jim Donelon submitted the report requested in Act 412 of the 2019 Regular Legislative Session which establishes the Louisiana Guaranteed Benefits Pool (LGBP). The LGBP is a risk-sharing program which is designed to reduce premiums for health insurance products offered in the individual market in our state by defraying the claims cost of high-risk insureds in that market. The LGBP will apply to lives covered by non-grandfathered health insurance products in the individual market. The Louisiana Department of Insurance (LDI) surveyed stakeholders and other states to determine best practices and engaged a leading actuarial firm (Lewis & Ellis, Inc.) to conduct an analysis of the cost of the program.

Louisiana Act No. 412 Report: Cost and Market Analysis of the Healthcare Coverage for Louisiana Families Protection Act and the Louisiana Guaranteed Benefits Pool

Executed Act 412 Report by the Louisiana Department of Insurance