Premium Relief Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 2, 2021)
Premium Relief Act of 2021
This bill establishes and provides funding through FY2024 for the Patient and State Stability Fund, which shall be used to support specified state efforts to increase access to health-insurance coverage and help stabilize the individual market. Specifically, states may use the funds to (1) lower the cost for individuals to purchase coverage, (2) lower out-of-pocket costs for individuals with insurance, (3) pay health care providers, (4) cover or provide additional specified services, and (5) otherwise increase coverage options and stabilize premiums in the state's insurance market.
If a state does not apply for funds under the program, the Centers for Medicare & Medicaid Services, in consultation with the state, must use the funds to stabilize premiums by partially reimbursing insurers for claims in a specified cost range.
The bill also revises the grace period that health insurers must provide to recipients of premium subsidies before discontinuing health coverage for nonpayment of premiums. The grace period is shortened from 3 months to 30 days unless state law includes an applicable grace period.
What just happenedFeb 3, 2021
Referred to the Subcommittee on Health.
Who’s behind it
- Introduced in HouseFeb 2, 2021
- Feb 3, 2021Committee
Referred to the Subcommittee on Health.
Health Subcommittee - Feb 2, 2021IntroReferralH11100
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - Feb 2, 2021IntroReferralH11100
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Energy and Commerce Committee - Feb 2, 2021Committee
Referred to the Subcommittee on Health.
Health Subcommittee - Feb 2, 2021IntroReferralIntro-H
Introduced in House
- Feb 2, 2021IntroReferral1000
Introduced in House