summary
Introduced
04/10/2019
04/10/2019
In Committee
04/11/2019
04/11/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To exempt health insurance of residents of United States territories from the annual fee on health insurance providers. This bill lowers the annual fee on health insurers that collect premiums from residents in U.S. territories. The annual fee for a health insurer is currently calculated based on the insurer's share of total premiums from the preceding calendar year. The bill excludes premiums paid by residents of U.S. territories from a health insurer's net premiums but still includes the premiums of such residents in the determination of total premiums from the preceding year, thereby lowering the fee for these insurers. Under current law, the fee is suspended for 2019 (i.e., there is no fee based on premiums from 2018).
AI Summary
This bill, the Territory Health Insurance Tax Relief Act of 2019, aims to exempt the health insurance premiums of residents in U.S. territories from the annual fee on health insurance providers. The bill excludes these premiums from the calculation of a health insurer's total premiums, which determines the insurer's annual fee. This will effectively lower the fee for insurers that collect premiums from residents in U.S. territories. The bill applies to calendar years starting after its enactment and includes a transitional rule for reporting the relevant information for the first calendar year.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (4)
Last Action
Referred to the Subcommittee on Health. (on 04/11/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/2243/all-info |
| BillText | https://www.congress.gov/116/bills/hr2243/BILLS-116hr2243ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2243/BILLS-116hr2243ih.pdf.pdf |
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