Health Marketplace for All Act of 2024

Hozzl · 2024-11-14T00:08:18Z

Explore the details of Senate Bill 5298 Health Marketplace for All Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

11/14/2024, 12:08 AM

Summary of Bill S 5298

Bill 118 s 5298, also known as the "Health Marketplace Pools as Employers Act," aims to amend the Employee Retirement Income Security Act of 1974 (ERISA) to allow health marketplace pools to be considered employers under section 3(5) of the Act. This would enable these pools to offer group health plans or group health insurance coverage to their members.

The bill seeks to provide more options for individuals who are part of health marketplace pools, such as small businesses or self-employed individuals, to access affordable health insurance coverage. By allowing these pools to be deemed as employers under ERISA, they would be able to negotiate better rates and coverage options for their members.

In addition to expanding access to health insurance coverage, the bill also aims to streamline the process for health marketplace pools to offer group health plans. This could potentially lead to increased competition in the health insurance market and lower costs for individuals who are part of these pools. Overall, the "Health Marketplace Pools as Employers Act" seeks to improve access to affordable health insurance coverage for individuals who are part of health marketplace pools by allowing them to be considered employers under ERISA.

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Current Status of Bill S 5298

Bill S 5298 is currently in the status of Bill Introduced since November 12, 2024. Bill S 5298 was introduced during Congress 118 and was introduced to the Senate on November 12, 2024. Bill S 5298's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of November 12, 2024

Bipartisan Support of Bill S 5298

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Policy Area and Potential Impact of Bill S 5298

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Alternate Title(s) of Bill S 5298

A bill to amend the Employee Retirement Income Security Act of 1974 to allow health marketplace pools to be deemed an employer under section 3(5) of such Act for purposes of offering a group health plan or group health insurance coverage, and for other purposes.