Bill Text: CA SB944 | 2021-2022 | Regular Session | Amended
Bill Title: California Health Benefit Exchange: affordability assistance.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Vetoed) 2022-09-13 - In Senate. Consideration of Governor's veto pending. [SB944 Detail]
Download: California-2021-SB944-Amended.html
Amended
IN
Assembly
August 22, 2022 |
Introduced by Senator Pan (Principal coauthor: Assembly Member Wood) (Coauthor: Senator Rubio) |
February 08, 2022 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 100520.5 of the Government Code is amended to read:100520.5.
(a) The Health Care Affordability Reserve Fund is hereby created in the State Treasury.(2)The cost-sharing assistance provided to an enrollee with income under 200 percent of the federal poverty level shall not have an actuarial value of less than 94 percent.
(3)The cost sharing assistance provided to an enrollee with income between 200 percent to 300 percent, inclusive, of the federal poverty level shall have an actuarial value of at least 90 percent and shall be scaled to income, with an enrollee at the lowest income receiving the most help.
(4)The cost-sharing assistance provided to an enrollee with income between 301 percent to 400 percent, inclusive, of the federal poverty level shall have an actuarial value of at least 85 percent and shall be scaled to income, with an enrollee at the lowest income receiving the most help.
(5)For an enrollee with income over 400 percent of the federal poverty level, actuarial assistance may have an actuarial value of as much as 80 percent, depending on available funding.
(6)