Health Insurance - Individual Market Stabilization - Establishment of the State-Based Health Insurance Subsidies Program

HB 1082 establishes Maryland’s State-Based Health Insurance Subsidies Program to help residents pay for health insurance if federal advance premium tax credits (which reduce insurance costs) decrease. The program would provide direct subsidies to Maryland individuals affected by such federal changes, specifically targeting fiscal years 2026 and 2027. It uses existing funding from the Maryland Health Benefit Exchange Fund, which includes state-designated money, federal waiver funds, and other sources, to cover these subsidies without requiring new taxes. The bill amends Maryland’s insurance code to formally create this program and outlines how the state will administer it through the Health Benefit Exchange. This policy change directly affects Maryland residents purchasing individual health insurance plans who might face higher costs due to reduced federal support.