Iowa HF2738 establishes a state-based health insurance subsidy to offset reduced federal credits.

Iowa HF2738 creates a state-based health insurance subsidy to mitigate the impact of the reduction in federal enhanced premium tax credits. The bill establishes an Iowa benefit exchange fund in the state treasury, funded by an appropriation from the general fund. The fund is intended to provide subsidies to residents who qualify for the enhanced premium tax credit. The bill requires the Department of Health and Human Services and the Department of Insurance and Financial Services to develop an internet site for applications.

Iowa HF2738 establishes a state-based health insurance subsidy to offset reduced federal credits.

Iowa HF2738 creates a state-based health insurance subsidy to mitigate the impact of the reduction in federal enhanced premium tax credits. The bill establishes an Iowa benefit exchange fund in the state treasury, funded by an appropriation from the general fund. The fund is intended to provide subsidies to residents who qualify for the enhanced premium tax credit. The bill requires the Department of Health and Human Services and the Department of Insurance and Financial Services to develop an internet site for applications.