State Corporation Commission (171)
| Request Title | Establish state health benefit exchange |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Other - NGF Only |
| Region | None |
Description
|
Establishes Virginia Health Benefit Exchange. Creates a new division within the agency to manage a health insurance marketplace for the purchase and sale of qualified health and dental plans in the individual and small group markets. Language authorizes the Secretary of Finance to approve an interest-free treasury loan to fund the start-up costs of the health insurance marketplace. A companion amendment in Central Appropriations provides general fund support, beginning in the first year, to administer a reinsurance program to subsidize health insurance carriers participating in the Virginia Health Benefit Exchange. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $13,500,000 | $41,500,000 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 20.00 | 30.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 408 | Plan Management | $13,500,000 | $41,500,000 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 02998 | Special Fund - Budgetary Only | $13,500,000 | $41,500,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 408 | Plan Management | 20.00 | 30.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 21:36:58
