SB 203 - This act adds "young adults" to the Missouri Consolidated Health Care plan and provides guidelines for coverage. A young adult is defined as a person between the ages of 18 and 25. The medical expenses of young adults are covered by the plan. This act also establishes a separate young adult benefit trust fund account. The trust fund account for young adults is administered by the same board as the Missouri Consolidated Health Care plan. Payments to the young adult trust fund shall be used to offset premium costs for young adults in the young adults plan. Insurance agents or brokers may be authorized to sell coverage to the young adults. The board may establish a schedule to pay for the services of insurance agents or brokers. It allows quarterly taxing on premiums for certain health services corporations and health maintenance organizations. This act expands the role of the commissioner of administration and the state treasurer with regard to the young adult benefit trust fund account.
ADRIANE CROUSE