California § 12693.40. 12693.40. (Added by Stats. 1997, Ch. 623, Sec. 2.)

California Statutes

§ 12693.40. — 12693.40. (Added by Stats. 1997, Ch. 623, Sec. 2.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 6.2. PART 6.2. HEALTHY FAMILIES·Ch. 4. CHAPTER 4. Administration

The board shall contract with health plans to provide coverage supplemental to that provided by an applicant’s or applicant’s spouse’s employer-sponsored health plan for the purchasing credit member, if the employer-sponsored plan’s benefits are not 95 percent actuarially equivalent to those provided to subscribers.  If supplemental coverage is available and provided, the plan may then, notwithstanding Section 12693.39, become eligible to receive purchasing credits.

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The board shall contract with health plans to provide coverage supplemental to that provided by an applicant’s or applicant’s spouse’s employer-sponsored health plan for the purchasing credit member, if the employer-sponsored plan’s benefits are not 95 percent actuarially equivalent to those provided to subscribers. If supplemental coverage is available and provided, the plan may then, notwithstanding Section 12693.39, become eligible to receive purchasing credits.

California § 12693.40. (12693.40. (Added by Stats. 1997, Ch. 623, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.