§ 12-15-41-8 — Premiums

(a) An individual whose gross annual income,
including the gross annual income of the individual's spouse, if
married, is less than one hundred fifty percent (150%) of the federal
income poverty level for the size of the individual's or couple's family
may not be required to pay a premium to participate in the buy-in
program.
(b) An individual whose gross annual income, including the gross
annual income of the individual's spouse, if married, is at least one
hundred fifty percent (150%) but not more than three hundred fifty
percent (350%) of the federal income poverty level for the size of the
individual's or couple's family, must pay a monthly premium in an
amount equal to:
(1) the lesser of:
(A) the amount prescribed by the sliding scale developed by the
office under section 7 of this chapter; or
(B) seven and one-half percent (7 1/2%) of the individual's or
couple's gross annual income divided by twelve (12); minus
(2) the monthly amount of any premium paid by the individual,
the individual's spouse, or the individual's parent for health
insurance that covers the individual.

Legislative History

As added by P.L.287-2001, SEC.9.