HB66 would let the Alabama Health Insurance Plan stop operating if federal health reform guarantees guaranteed-issue coverage, and would transfer any unused plan funds to the State General Fund, with a provision to reestablish the plan if a federal mandate requires it.
The bill amends Section 27-52-1 to allow the Alabama Health Insurance Plan to cease operations when federal market reforms satisfy HIPAA's guaranteed-issue requirements, and it requires giving current participants time to transition out. After all liabilities are paid, any unspent and unencumbered funds would be transferred to the State General Fund. If a federal mandate later requires guaranteed-issue coverage, the Alabama Health Insurance Plan would be reestablished to meet that mandate.
Pending third reading on day 12 Favorable from Banking and Insurance
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Banking and Insurance
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 63
Motion to Adopt adopted Roll Call 62
Insurance Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Insurance
Source: Alabama Legislature