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MD HB780

MD HB780
Maryland Health Benefit Exchange – State–Based Young Adult Health Insurance Subsidies Pilot Program


summary

Introduced
01/29/2021
In Committee
03/26/2021
Crossed Over
03/16/2021
Passed
03/30/2021
Dead
Signed/Enacted/Adopted
05/30/2021

Introduced Session

2021 Regular Session

Bill Summary

Requiring the Maryland Health Benefit Exchange to establish and implement a State-Based Young Adult Health Insurance Subsidies Pilot Program to provide a means for young adults to reduce the amount they pay for health benefit plans in the individual health insurance market; requiring the establishment of certain subsidy eligibility and payment parameters for calendar years 2022 and 2023; authorizing the Exchange to designate not more than $20,000,000 for the Pilot Program in each of fiscal years 2022 through 2024; etc.

AI Summary

This bill requires the Maryland Health Benefit Exchange to establish and implement a State-Based Young Adult Health Insurance Subsidies Pilot Program. The program aims to reduce the amount that young adults (ages 18 to 40) with incomes between 133% and 400% of the federal poverty level pay for health benefit plans in the individual health insurance market. The Exchange is authorized to designate up to $20 million in annual subsidies for the program in fiscal years 2022 through 2024. The bill also requires the Exchange to track and report on the program's expenditures and impact on individual market rates.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Last Action

Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 777 (on 05/30/2021)

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