Bill > HB374

This bill establishes the Alaska comprehensive health insurance fund and outlines provisions for a reinsurance program to assist individuals with high-risk health conditions, defining "residents who are high risks" as those rejected for medical reasons, having restrictive policy riders, or meeting other criteria established by regulation, and also allows the director to seek a waiver from federal law, specifically the Patient Protection and Affordable Care Act (often referred to as Obamacare), to implement innovative state health insurance plans. Additionally, the bill mandates that when an insurer refers a person with a disability covered under federal law (Title XVIII of the Social Security Act, which relates to Medicare) to a state plan, the plan administrator must inform that person about applying for federal benefits, and it includes provisions for the fund's revenue, appropriation, and a repeal date for a related section.