Maryland Health Benefit Exchange – State–Based Young Adult Health Insurance Subsidies Pilot Program – Sunset Repeal

SB 5 removes the sunset provision (termination date) for Maryland's State-Based Young Adult Health Insurance Subsidies Program, making it permanent. It changes the requirement for the Maryland Health Benefit Exchange to implement the program from mandatory ("shall") to discretionary ("may"), and adds a condition that the Exchange cannot proceed if specific funding isn't available. The program provides subsidies to young adults aged 18-40 with incomes between 133% and 400% of the federal poverty level to reduce their individual health insurance premiums. This bill modifies key sections of Maryland's Insurance Code to reflect these structural changes to the program's funding and implementation.