SB374 - Allows health maintenance organizations to issue high deductible health plans combined with health savings accounts and taxes such policies at a rate of 2 percent for the purpose of funding the First Steps Program

SB 374

Allows health maintenance organizations to issue high deductible health plans combined with health savings accounts and taxes such policies at a rate of 2 percent for the purpose of funding the First Steps Program

Sponsor:

Rupp

LR Number:

1571S.01I

Committee:

Health and Mental Health

Last Action:

2/20/2007 - Voted Do Pass S Health and Mental Health Committee

Journal Page:

Title:

Calendar Position:

Effective Date:

August 28, 2007

Current Bill Summary

SB 374 - This act allows health maintenance organizations to offer high deductible health plans provided such high deductible health plans are combined with health savings accounts. Any health maintenance organization that issues a high deductible health plan that is combined with a health savings account shall be taxed at a rate of two percent on premiums received from high deductible health plans in the same manner as life and health insurance companies are taxed under Chapter 148, RSMo. The proceeds from the tax, however, shall be deposited in the part C early intervention system fund (First Steps Fund).

STEPHEN WITTE

Amendments