US SB19 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Lowers the annual fee on health insurers, specifically for those insurers that collect premiums from residents in U.S. territories. The annual fee for a health insurer is currently calculated based on the insurer's share of total premiums from the preceding calendar year. The bill excludes premiums paid by residents of U.S. territories from a health insurer's net premiums, but still includes the premiums of such residents in the determination of total premiums from the preceding year, thereby lowering the fee for these insurers. Under current law, the fee is suspended for calendar 2019 (i.e., there is no fee based on premiums from calendar 2018).

Tracking Information

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Title

Territory Health Insurance Tax Relief Act of 2019

Sponsors


History

DateChamberAction
2019-01-03SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2243 (Same As) 2019-04-11 - Referred to the Subcommittee on Health.

Subjects


US Congress State Sources


Bill Comments

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