S.Amdt. 3118

SA 3118. Ms. COLLINS (for herself, Mr. Wyden, and Mr. Bayh) submitted
an amendment intended to be proposed to amendment SA 2786 proposed by
Mr. Reid (for himself, Mr. Baucus, Mr. Dodd, and Mr. Harkin) to the
bill H.R. 3590, to amend the Internal Revenue Code of 1986 to modify
the first-time homebuyers credit in the case of members of the Armed
Forces and certain other Federal employees, and for other purposes;
which was ordered to lie on the table; as follows:

On page 116, between lines 2 and 3, insert the following:
(3) Special rule for individuals age 30 and over not
eligible for exchange credits and reductions.--
(A) In general.--Subject to subparagraph (B), an individual
who has attained at least the age of 30 before the beginning
of a plan year shall be treated as an individual described in
paragraph (2) if the individual is not eligible for the plan
year for the premium tax credit under section 36B of the
Internal Revenue Code of 1986 or the cost-sharing reductions
under section 1402 with respect to enrollment in a qualified
health plan offered through an Exchange. The preceding
sentence shall not apply to an individual if the individual
is not eligible for such credit or reductions because the
individual is eligible to enroll in minimum essential
coverage consisting of coverage under a government sponsored
program described in section 5000A(f)(1)(A).
(B) Requirements.--Subparagraph (A) shall only apply to an
individual if the individual elects the application of this
paragraph and such election provides that--
(i) the individual acknowledges that coverage under the
catastrophic plan is the lowest coverage available, that the
plan provides no benefits for any plan year until the
individual has incurred cost-sharing expenses in an amount
equal to the annual limitation in effect under subsection
(c)(1) for the plan year (except as provided for in section
2713), and that these cost-sharing expenses could involve
significant financial risk for the individual; and
(ii) the individual agrees that--

(I) the individual will not change such coverage until the
next applicable annual or special enrollment period under
section 1311(c)(5); and
(II) if the individual elects to change such coverage at
the time of such enrollment period, the individual may only
enroll in the bronze level of coverage.

(4) State authority.--In accordance with section 1321(d), a
State may impose additional requirements or conditions for
catastrophic plans described in this subsection to the extent
such requirements or conditions are not inconsistent with the
requirements under this subsection.
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