Bill > SB5

This bill modifies Maryland's State-Based Young Adult Health Insurance Subsidies Program by removing the word "Pilot" from its name and eliminating its previous sunset provision. The bill changes the Maryland Health Benefit Exchange's role from being required to establish the program to having the option to do so, but only if specific funding is available through an assessment distribution. The program aims to provide health insurance subsidies to young adults between 18 and 40 years old with incomes between 133% and 400% of the federal poverty level. The Exchange will have discretion to designate funds for these subsidies, with a cap of $20 million for calendar years 2024 and 2025, and the ability to continue funding beyond 2026. The program's key objectives include reducing health insurance costs for young adults who are not already impacted by the State Reinsurance Program and potentially covering 100% of premiums for participants with zero expected contribution. The Exchange is required to track and publicly report monthly expenditures, the number of subsidized young adults, average subsidy amounts, and the program's impact on insurance market rates and participant retention.

Budget and Finance, Health and Social Services

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0005?ys=2025RS