AZ SB1213

Appropriates $250,000 from the state general fund to the Department of Insurance and Financial Institutions in fiscal year 2020-2021 for an actuarial study on establishing a reinsurance program.

Study must examine the feasibility of securing a Section 1332 state innovation waiver under the Affordable Care Act to potentially lower health insurance premiums on the exchange.

Requires the study to analyze insurance premiums and risks for individuals using health care exchanges and review other states' approved risk mitigation waivers and their funding obligations.

Department must incorporate stakeholder input on best practices, premium offsets, and risk factors when determining waiver feasibility.

Appropriated funds are exempt from lapsing provisions, allowing unspent money to carry forward to future fiscal years.