Health Marketplace for All Act of 2024

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.