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IA HF2738
Bill
Status
3/9/2026
Primary Sponsor
Larry McBurney
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AI Summary
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Creates the Iowa Benefit Exchange Fund in the state treasury to provide state-based health insurance subsidies to Iowa residents, mitigating the impact of federal enhanced premium tax credit reductions after the 2025 tax year.
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Appropriates funds from the general fund beginning July 1, 2026, through June 30, 2027, with continued funding until federal enhanced premium tax credits are restored to 2025 levels or higher.
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Provides eligible residents a state subsidy equal to what they would have received under the federal enhanced premium tax credit (26 U.S.C. §36B) had it not expired, calculated based on 2025 tax year formulas.
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Requires the Department of Health and Human Services and Department of Insurance and Financial Services to cooperate in developing an internet application portal for residents to apply for the subsidy.
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Allows retroactive subsidy payments to January 1, 2026, for residents who qualified for enhanced premium tax credits during that period.
Legislative Description
A bill for an act establishing a state-based health insurance subsidy, and making an appropriation.
Last Action
Introduced, referred to Ways and Means. H.J. 607.
3/9/2026