Beginning March 29: To help insurance agents and financial advisors like you guide clients in making critical wealth, health and life decisions we will be moving our coverage from to

Our comprehensive coverage will help you expand your knowledge base and adapt a new client-centric approach that incorporates both insurance and investment solutions.

ThinkAdvisor’s new Life/Health channel is your roadmap to thriving in a disrupted environment.


Filed Under:Health Insurance, Individual Health

S.C. lawmaker proposes non-insurance prepaid medical

S. 1028, a similar bill, died in committee in the previous session.
S. 1028, a similar bill, died in committee in the previous session.

A Palmetto State lawmaker is talking about creating a new class of "prepaid medical services providers" that would be exempt from state insurance laws and regulations.

South Carolina state Sen. Lee Bright, R-Spartanburg, S.C., has presented the idea in S. 105.

Under S. 105, doctors and individuals admitted to practice an "appropriate allied health profession" could sell prepaid medical services contracts directly to individuals, and through employers and non-employer organizations.

The prepaid medical services providers would be regulated by the South Carolina Department of Consumer Affairs, not by the South Carolina Department of Insurance.

Although a provider could sell contracts through employers and non-employer organizations, the actual contracts would have to be between the providers and the individuals who would be getting the medical services, according to the bill text.

A prepaid medical services contract could only obligate the provider to provide the services specified in the contract to the individual paying for the contract, according to the bill text.

A provider's failure to live up to the terms of a contract would be a violation of the state's Consumer Protection Code.

S. 105 is similar to S. 1028, a bill that died in the state Senate Banking and Insurance Committee during the previous legislative session.

See also:

Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting


Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.