Bill > HB5

This bill establishes a state-operated healthcare exchange, to be managed by the Office of the Kentucky Health Benefit and Information Exchange within the Cabinet for Health and Family Services, as long as federal law, specifically the Patient Protection and Affordable Care Act (often called Obamacare) and its amendments, allows for such a state option. This exchange is intended to be substantially similar to "kynect," Kentucky's previous healthcare marketplace, as it existed on January 1, 2016, and will continue to offer the same functions, with the possibility of expanding them. The office's responsibilities include facilitating enrollment in health coverage, helping individuals and small businesses access financial assistance like premium tax credits and cost-sharing reductions, coordinating electronic health information technology, and entering into necessary agreements with other agencies while protecting confidential information. The office must also comply with federal requirements for healthcare exchanges and actively seek federal funding, regularly consulting with stakeholders. The executive director of this office will be appointed by the Governor.