HB5750 - Health Insurance Claims Assessment Act

• Imposes a 1% assessment on paid claims by health insurance carriers and third-party administrators for dates of service beginning January 1, 2016.

• Assessment capped at $10,000 per insured individual or covered life annually.

• Carriers and third-party administrators must file quarterly returns (due April 30, July 30, October 30, and January 30) with the Department of Revenue and remit assessment payments.

• All revenue collected shall be deposited into the Healthcare Provider Relief Fund and used exclusively to fund Medicaid services administered by the Department of Healthcare and Family Services.

• Excludes certain claims from assessment including those for federal employees, Medicare, Medicaid, workers' compensation, non-residents, and administrative expenses.