VirginiaHB3272026 Regular SessionHouseWALLET

Commonwealth Health Reinsurance Program; extension of program, percentage goal to decrease premium.

Sponsored By: Jen Kiggans - to resign 12/31 (Republican)

Became Law

Summary

Commonwealth Health Reinsurance Program; extension of program; percentage goal to decrease premium. Directs the State Corporation Commission to apply to the appropriate federal agencies under the federal Patient Protection and Affordable Care Act for an extension of the existing State Innovation Waiver authorizing the Commonwealth to implement a reinsurance program. The existing State Innovation Waiver is set to expire on January 1, 2028. Additionally, the bill removes the 20 percent upper limit of the premium reduction goal under the Commonwealth Health Reinsurance Program. As introduced, this bill was a recommendation of the Health Insurance Reform Commission.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Fund to lower individual premiums

The law creates a special fund to run the Commonwealth Health Reinsurance Program. It uses federal waiver money and any state appropriations, and interest stays in the fund each year. The goal is to lower premiums in the individual market by up to 20%, depending on available money. The State Corporation Commission applies for a five-year extension of the federal waiver and implements any approved extension under state law. After paying all reinsurance claims for a benefit year, leftover funds can support waiver work and program operations.

Limits on reinsurance funding and payouts

The Commission cannot use other dedicated funds, like utility taxes or license fees, to pay for the program. It may spend only the money in the Commonwealth Health Reinsurance Program Special Fund. Reinsurance payments are not a state entitlement and are not a claim on other state money. If federal pass-through funds are short, the Commission does not have to cover the gap, so payments may be smaller.

Sponsors & Cosponsors

Sponsor

  • Jen Kiggans - to resign 12/31

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 321 • No: 1

Senate vote 2/26/2026

Passed Senate Block Vote

Yes: 40 • No: 0

Senate vote 2/25/2026

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote 2/25/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote 2/23/2026

Reported from Commerce and Labor

Yes: 15 • No: 0

House vote 2/4/2026

Passed House Block Vote

Yes: 98 • No: 0

House vote 2/4/2026

Read third time and passed House Block Vote

Yes: 97 • No: 1

House vote 1/29/2026

Reported from Labor and Commerce with amendment(s)

Yes: 22 • No: 0

House vote 1/27/2026

Subcommittee recommends reporting with amendment(s)

Yes: 9 • No: 0 • Other: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0793)

    4/13/2026Governor
  2. Approved by Governor-Chapter 793 (effective 7/1/2026)

    4/13/2026Governor
  3. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/10/2026Governor
  4. Enrolled Bill communicated to Governor on March 10, 2026

    3/10/2026House
  5. Fiscal Impact Statement from State Corporation Commission (HB327)

    3/5/2026House
  6. Bill text as passed House and Senate (HB327ER)

    3/3/2026House
  7. Enrolled

    3/3/2026House
  8. Signed by President

    3/3/2026Senate
  9. Signed by Speaker

    3/3/2026House
  10. Fiscal Impact Statement from State Corporation Commission (HB327)

    3/2/2026House
  11. Passed Senate Block Vote (40-Y 0-N 0-A)

    2/26/2026Senate
  12. Read third time

    2/26/2026Senate
  13. Passed by for the day Block Vote (Voice Vote)

    2/25/2026Senate
  14. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

    2/25/2026Senate
  15. Rules suspended

    2/25/2026Senate
  16. Reported from Commerce and Labor (15-Y 0-N)

    2/23/2026Senate
  17. Referred to Committee on Commerce and Labor

    2/5/2026Senate
  18. Constitutional reading dispensed (on 1st reading)

    2/5/2026Senate
  19. Passed House Block Vote (98-Y 0-N 0-A)

    2/4/2026House
  20. Reconsideration of passage agreed to by House

    2/4/2026House
  21. Read third time and passed House Block Vote (97-Y 1-N 0-A)

    2/4/2026House
  22. Engrossed by House as amended

    2/3/2026House
  23. committee amendments agreed to

    2/3/2026House
  24. Read second time

    2/3/2026House
  25. Read first time

    2/2/2026House

Bill Text

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