Montana Statutes
§ 33-22-1314 — Payment Parameters
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 22 DISABILITY INSURANCE·Part 13 Montana Reinsurance Association Act
33-22-1314 . Payment parameters.
(1)The board shall design and adjust the payment parameters to ensure that the payment parameters will:
(a)stabilize or reduce premium rates in the individual market;
(b)increase or maintain participation in the individual market;
(c)mitigate the impact high-cost individuals have on premium rates in the individual market;
(d)consider any federal funding available for the plan; and
(e)consider the total amount available to fund the plan.
(2)The attachment point must be set by the board at $40,000 or more but may not exceed the reinsurance cap.
(3)The coinsurance rate must be set by the board between 50% and 80%.
(4)The reinsurance cap must be set by the board at $1 million or less.
(5)The board may adjust the payment parameters annually to the exte
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Legislative History
En. Sec. 9, Ch. 210, L. 2019.
Nearby Sections
15
§ 33-22-1001
Definition Of Home Health Care§ 33-22-1002
Availability Of Coverage For Home Health Care§ 33-22-1003
Applicability§ 33-22-101
Exceptions To Scope§ 33-22-102
Third-Party Ownership§ 33-22-103
Repealed§ 33-22-104
Through 33-22-106 Reserved§ 33-22-108
Reserved§ 33-22-109
Riders§ 33-22-110
Preexisting Conditions§ 33-22-1101
Short Title§ 33-22-1102
Purpose§ 33-22-1103
Compliance Required§ 33-22-1104
Scope