§ 42-7.4-14 — § 42-7.4-14. Impact on health insurance rates.

Rhode Island § 42-7.4-14

• Jurisdiction: Rhode Island
• Title 42: State Affairs and Government
• Ch. 42-7.4: The Healthcare Services Funding Plan Act

Text

§ 42-7.4-14. Impact on health insurance rates.

(a) Allocation. An insurer required to make a healthcare services funding contribution may pass on the cost of that contribution in the cost of its services, such as its premium rates (for insurers), without being required to specifically allocate those costs to individuals or populations that actually incurred the contribution. The costs are to be fairly allocated among the market segments incurring such costs.

(b) Oversight. The health insurance commissioner shall ensure, through the rate review and approval process, that the rates filed for fully insured groups and individuals, pursuant to chapter 18.5, 18.6, or 50 of title 27, reflect the transition to the funding method described in this section.

Legislative History

P.L. 2014, ch. 145, art. 16, § 4.