Health insurers in Massachusetts would pay an assessment to support health care safety net programs.

Massachusetts H1181 would require health insurers to pay an assessment based on their net worth surplus exceeding 550% of risk-based capital in 2023. The assessment would support health care safety net programs. The Division of Insurance would establish the assessment amount, payment procedures, and data submission requirements. The assessment would generate $400 million to be credited to the Medicaid Stabilization Trust Fund and Health Safety Net Trust Fund. The assessment would sunset on December 31, 2026.

Health insurers in Massachusetts would pay an assessment to support health care safety net programs.

Massachusetts H1181 would require health insurers to pay an assessment based on their net worth surplus exceeding 550% of risk-based capital in 2023. The assessment would support health care safety net programs. The Division of Insurance would establish the assessment amount, payment procedures, and data submission requirements. The assessment would generate $400 million to be credited to the Medicaid Stabilization Trust Fund and Health Safety Net Trust Fund. The assessment would sunset on December 31, 2026.