HB612 Alabama 2021 Session

Summary

Primary Sponsor

Kerry Rich

Republican

Session

Regular Session 2021

Title

Insurance, state health insurance exchange, Commissioner of Insurance to estab. for individual coverage under fed. Affordable Care Act, Comm. to apply to fed. gov't for waivers for reinsurance program relating to this act, Secs. 10A-20-6.16, 27-21A-23 am'd.

Description

This bill would authorize the Commissioner of Insurance to establish a state health insurance exchange for the purchase and sale of qualified health insurance plans in the individual market in this state. The state health insurance exchange would be in lieu of participation in the federal health insurance exchange under the federal Affordable Care Act (ACA).

This bill would also authorize the Commissioner of Insurance to apply for the appropriate waivers to establish a reinsurance program for the individual health insurance market in this state for eligible health carriers participating in the state health insurance exchange.

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Subjects

Insurance Department