AIDS Health Care Financing Act of 1988

[AI summary unavailable — showing source text] AIDS Health Care Financing Act of 1988 - Amends the Internal Revenue Code, the Employee Retirement Income Security Act of 1974 (ERISA), and the Public Health Service Act to extend the maximum required period of continuation coverage of group health plans from 18 months to 29 months for an individual determined, under title II (Old Age, Survivors and Disability Insurance) or title XVI (Supplemental Security Income) of the Social Security Act, to have been disabled at the time of termination or reduction in hours. Increases the premium which plans are permitted to require for continuation coverage from 102 percent to 152 percent of the applicable premium for the period for any month after the 18th month of continuation coverage after terminations, reduced hours, or multiple qualifying events. Amends title XIX (Medicaid) of the Social Security Act to permit States to pay expenses of an individual eligible for benefits under its plan for premiums, deductibles, coinsurance, or similar costs for health coverage offered by the individual's employer, including continuation coverage. Directs the Secretary of Health and Human Services to provide for a three-year program of grants to States t…