Bill > HB1082

This bill establishes the State-Based Health Insurance Subsidies Program to help Maryland residents mitigate the potential impact of reduced federal advance premium tax credits (APTCs) for health insurance during calendar years 2026 through 2028. The program will be administered by the Maryland Health Benefit Exchange and is designed to maintain affordability for individuals purchasing health insurance through the state exchange, specifically targeting those who might experience increased premium percentages compared to 2025 rates. The bill modifies the Maryland Health Benefit Exchange Fund to include provisions for funding these new subsidies, allowing the exchange to designate funds to support individuals who may face higher health insurance costs due to potential federal tax credit reductions. The program is contingent on changes in federal tax credit legislation, and if federal APTCs are extended for 2026 and 2027, the bill will be automatically nullified. The exchange is required to track and publicly report monthly data about the subsidies, including the number of individuals receiving assistance, average subsidy amounts, and the program's impact on individual market insurance rates. The legislation is set to take effect on June 1, 2025, and will remain in effect through June 30, 2028, unless federal circumstances trigger its earlier termination.

Budget and Finance, Health and Social Services

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1082?ys=2025RS