HB 25-1014

House Bill 25-1014, known as the Health Insurance Affordability Fund Allocation, aims to ensure that money in a special fund is used to help lower health insurance costs for individuals who buy their own plans. Starting July 1, 2026, a board would review how this money is spent and prioritize making individual market health plans more affordable and preventing people from losing coverage due to high premiums. The bill also focuses on reducing the cost of state-subsidized health plans for residents who qualify. The bill did not pass, which means it won't be implemented as proposed and currently has no practical effect.

Official Summary

Current law requires that money deposited in the health insurance affordability cash fund (fund) is allocated as specifically outlined in statute for 2021 and each year thereafter. The bill requires the health insurance affordability board to reevaluate the allocation of money deposited in the fund on and after July 1, 2026, to:Prioritize the facilitation of reducing health coverage plan premium increases and avoiding the loss of health coverage plans for individuals in the individual market and individuals who are unable to purchase health coverage plans through the exchange; andEvaluate the costs of the state-subsidized individual health coverage plans purchased by qualified individuals and prioritize the reduction of the health coverage plan premiums for documented residents.(Note: This summary applies to this bill as introduced.)

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