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Bill > S2345
RI S2345
RI S2345Creates the Rhode Island Individual Market Affordability Act of 2024 to help reduce out-of-pocket costs for low- and moderate-income consumers enrolled in the health insurance exchanges.
summary
Introduced
02/12/2024
02/12/2024
In Committee
02/12/2024
02/12/2024
Crossed Over
Passed
Dead
06/30/2024
06/30/2024
Introduced Session
2024 Regular Session
Bill Summary
This act would create the Rhode Island Individual Market Affordability Act of 2024 to help reduce out-of-pocket costs for low- and moderate-income consumers enrolled in the health insurance exchanges. This act would take effect upon passage.
AI Summary
This bill creates the Rhode Island Individual Market Affordability Act of 2024 to help reduce out-of-pocket costs for low- and moderate-income consumers enrolled in the health insurance exchanges. The bill establishes a state-based affordability program, funded by a health insurance affordability assessment on premiums, to provide subsidies to reduce cost-sharing and make premium payments more affordable for eligible individuals. The bill also creates an Individual Market Affordability Board to make recommendations on the program's implementation and parameters.
Committee Categories
Budget and Finance
Sponsors (6)
Joshua Miller (D)*,
Alana DiMario (D),
Lou DiPalma (D),
Pam Lauria (D),
Linda Ujifusa (D),
Bridget Valverde (D),
Last Action
Senate Finance Hearing (00:00:00 3/21/2024 ) (on 03/21/2024)
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://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText24/SenateText24/S2345.pdf |
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