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2008 SESSION

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SB 578 VirginiaShare Health Insurance Program; established, report.

Introduced by: Richard L. Saslaw | John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

VirginiaShare Health Insurance Program.  Establishes the VirginiaShare Health Insurance Program, to provide health insurance premium assistance to allow eligible low-income working individuals to purchase health insurance coverage through a certified VaShare Health Insurance Policy. Also establishes the VirginiaShare Health Insurance Program Board to regulate the Program, to be administered by the Department of Medical Assistance Services. The program will pay one-third of the total monthly premium for eligible individuals, up to $75, with at least one-half of the remaining amount paid by the individual's small employer.  However, if the $75 maximum monthly contribution from the program is less than one-third of the total monthly premium, then the individual's small employer shall pay at least one-third of the total monthly premium.  Eligible individuals must (i) be residents of Virginia; (ii) have an income that is at or below 200 percent of the federal poverty level; (iii) have not been insured or had the offer of insurance within six months prior to enrollment in the Program; (iv) be ineligible for full-benefit medical assistance benefits pursuant to Title XIX of the Social Security Act, as amended, or benefits pursuant to Title XXI of the Social Security Act, as amended; (v) be employed by a qualified small employer; and (vi) work at least 30 hours per week for the qualified small employer.  The provisions of the bill are contingent upon an appropriation of general funds effectuating the purposes of the bill.


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