Territory Health Insurance Tax Relief Act of 2019

Bill: 116-s-19
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2019-01-03
Policy area: Health
Subjects: American Samoa

Caribbean area

Government information and archives

Guam

Health care costs and insurance

Health care coverage and access

Insurance industry and regulation

Northern Mariana Islands

Puerto Rico

U.S. territories and protectorates

User charges and fees

Virgin Islands
Latest action: action_date: 2019-01-03
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2019-01-03
action_desc: Introduced in Senate
text: <p><b>Territory Health Insurance Tax Relief Act of </b><b>2019</b></p> <p>This bill lowers the annual fee on health insurers, specifically for those insurers that collect premiums from residents in U.S. territories. </p> <p>The annual fee for a health insurer is currently calculated based on the insurer's share of total premiums from the preceding calendar year. The bill excludes premiums paid by residents of U.S. territories from a health insurer's net premiums, but still includes the premiums of such residents in the determination of total premiums from the preceding year, thereby lowering the fee for these insurers. </p> <p>Under current law, the fee is suspended for calendar 2019 (i.e., there is no fee based on premiums from calendar 2018).</p>

tv_txt: II 116th CONGRESS 1st Session S. 19 IN THE SENATE OF THE UNITED STATES January 3, 2019 Mr. Rubio introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To exempt health insurance of residents of United States territories from the annual fee on health insurance providers.

1. Short title This Act may be cited as the Territory Health Insurance Tax Relief Act of 2019 . 2. Health insurance of residents of United States territories exempt from annual fee on health insurance providers (a) In general Section 9010(b) of the Patient Protection and Affordable Care Act is amended by adding at the end the following new paragraph: (4) Exception for health insurance of residents of United States territories (A) In general Solely for purposes of paragraph (1)(A), the term United States health risk shall not include the health risk of any individual who is a bona fide resident of Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, or the Virgin Islands (as determined under section 937(a)). (B) Exception not to increase fee allocation The amount determined under paragraph (1)(B) shall be determined without regard to subparagraph (A) of this paragraph. . (b) Reporting Section 9010(g)(1) of the Patient Protection and Affordable Care Act is amended by inserting (and the amount of such net premiums to which subsection (b)(4)(A) applies) before the period at the end. (c) Effective date (1) In general The amendments made by this section shall apply to calendar years beginning after the date of the enactment of this Act. (2) Transitional rule for reporting For purposes of applying the amendment made by subsection (a) with respect to the first calendar year beginning after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary’s designee) shall provide a method for covered entities to report the information described in the amendment made by subsection (b) for the calendar year which precedes such first calendar year.