summary
Introduced
01/13/2026
01/13/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Provides that the Department of Insurance shall establish and administer a State subsidy program to offset some, if not all, of the costs associated with the expiration of the enhanced federal tax credits that subsidize health insurance premiums. Amends the Governor's Office of Management and Budget Act. Provides that the Governor shall direct the State Comptroller and the State Treasurer to set aside the sum of $75,000,000 from the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund to fund that program. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.
AI Summary
This bill establishes a State subsidy program to help Illinois residents afford health insurance premiums by offsetting costs that may arise from the expiration of enhanced federal tax credits, which are government incentives that reduce the price of health insurance. The Department of Insurance will administer this program and can use emergency rulemaking procedures to implement it quickly. To fund this initiative, the Governor is directed to transfer $75,000,000 from the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund, a state fund designed to provide financial support during unexpected revenue shortfalls or emergencies, to the new subsidy program. The authority for emergency rulemaking related to this program will expire one year after the bill becomes law.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to Appropriations- Health and Human Services (on 02/03/2026)
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