AZ SB1421

Establishes the Assigned Risk Health Insurance Program to provide coverage for uninsurable individuals and federally qualified eligible individuals who have been rejected by two health care insurers within the past year.

Repeals existing sections 20-1379, 20-1381, and 20-1382 relating to prior health insurance portability provisions, effective June 30, 2013.

Requires health care plans to offer eligible individuals coverage in their two most popular individual market policies, with premiums capped at 150% of standard risk rates and exempts these plans from premium taxes.

Defines eligibility requirements including residency in Arizona, creditable coverage periods of at least 18 months for federally qualified individuals, and exclusions for those with existing coverage or government program eligibility.

Program terminates January 1, 2024, and bill's effectiveness is conditional upon the U.S. Supreme Court declaring the federal Patient Protection and Affordable Care Act unconstitutional in its entirety.