Senate Bill 19
116th Congress(2019-2020)
Territory Health Insurance Tax Relief Act of 2019
Introduced
Introduced in Senate on Jan 3, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
19
Congress
116
Policy Area
Health
Health
Primary focus of measure is science or practice of the diagnosis, treatment, and prevention of disease; health services administration and funding, including such programs as Medicare and Medicaid; health personnel and medical education; drug use and safety; health care coverage and insurance; health facilities. Measures concerning controlled substances and drug trafficking may fall under Crime and Law Enforcement policy area.
No Senate votes have been held for this bill.
Summary
Territory Health Insurance Tax Relief Act of 2019
This bill lowers the annual fee on health insurers, specifically for those insurers that collect premiums from residents in U.S. territories.
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.
Under current law, the fee is suspended for calendar 2019 (i.e., there is no fee based on premiums from calendar 2018).
January 3, 2019
01/03/2019
Read twice and referred to the Committee on Finance.
01/03/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:49:33 PM