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MD SB729
MD SB729Maryland Health Benefit Exchange – State–Based Young Adult Health Insurance Subsidies Pilot Program
summary
Introduced
02/05/2021
02/05/2021
In Committee
03/24/2021
03/24/2021
Crossed Over
03/17/2021
03/17/2021
Passed
03/29/2021
03/29/2021
Dead
Signed/Enacted/Adopted
05/30/2021
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 Exchange, in consultation with the Maryland Insurance Commissioner and as approved by the Board of Trustees of the Exchange, to establish certain subsidy eligibility and payment parameters for calendar years 2022 and 2023; 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 18-40) with incomes between 133% and 400% of the federal poverty level pay for health benefit plans in the individual health insurance market. The Exchange, in consultation with the Maryland Insurance Commissioner and as approved by the Board of Trustees, will determine the subsidy eligibility and payment parameters for the program in calendar years 2022 and 2023. The Governor may designate up to $20 million per year from the Maryland Health Benefit Exchange Fund to fund the subsidies. The program is set to expire on June 30, 2024.
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 778 (on 05/30/2021)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0729?ys=2021RS |
| BillText | http://mgaleg.maryland.gov/2021RS/Chapters_noln/CH_778_sb0729t.pdf |
| Vote Image | http://mgaleg.maryland.gov/2021RS/votes_comm/sb0729_hgo.pdf |
| BillText | http://mgaleg.maryland.gov/2021RS/bills/sb/sb0729t.pdf |
| Favorable with Amendments 627971/1 Adopted | http://mgaleg.maryland.gov//2021RS/amds/bil_0009/sb0729_62797101.pdf |
| Vote Image | http://mgaleg.maryland.gov/2021RS/votes_comm/sb0729_fin.pdf |
| BillText | http://mgaleg.maryland.gov/2021RS/bills/sb/sb0729f.pdf |
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