HB 25B-1014 Summary

• Requires the health insurance affordability board to reevaluate fund allocation beginning July 1, 2026, with a new allocation methodology replacing the current statutory allocation through June 30, 2026.

• Mandates prioritization of reducing health coverage plan premium increases and preventing loss of health plans for individuals in the individual market and those unable to purchase through the exchange.

• Requires evaluation and comparison of current costs versus initial cost estimates for state-subsidized individual health coverage plans, with priority given to reducing premiums for documented residents.

• Requires the division to publish a report on the division's website detailing estimated and actual costs of each state-subsidized plan and the resulting fund allocation determined by the board.

• Mandates the commissioner present evaluations, cost comparisons, and fund allocation to the general assembly as part of the division's SMART Act presentation prior to or during the 2027 legislative session.