NC H908

Creates a state refundable premium tax credit to help individuals in the "coverage gap" afford health insurance through the federal Health Insurance Marketplace, modeled after the Affordable Care Act's federal credit.

Eligible individuals must have income below 100% of federal poverty level, be ages 19-64, not be enrolled in Medicare/Medicaid/NC Health Choice/TRICARE, and be unable to obtain affordable employer-sponsored coverage.

Directs the Secretaries of Health and Human Services and Department of Revenue to design a program that estimates tax credits and allows individuals to direct advance payments directly to insurance companies.

Requires a report by March 1, 2022 outlining the program implementation, recommendations, required legislative changes, and cost estimates, with an intended program cap of $1 billion.

Appropriates $100,000 each to the Department of Health and Human Services and Department of Revenue for fiscal year 2021-2022 to design the program.