Illinois SB2794 establishes a state subsidy program for health insurance premiums and creates the BRIDGE Fund to support it.
Illinois SB2794 amends the Department of Insurance Law to establish a state subsidy program for health insurance premiums. The bill creates the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund to support this program. The Governor is directed to set aside $75,000,000 from the BRIDGE Fund for this purpose. The Department of Insurance is authorized to adopt emergency rules to expedite implementation. The State Comptroller and State Treasurer are directed to transfer funds from the BRIDGE Fund to repay amounts previously transferred.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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