Requirements for catastrophic plans
(1) As used in this section:
(a) "Catastrophic plan" means a health benefit plan that meets the requirements for a catastrophic plan under 42 U.S.C. 18022(e).
(b) "Minimum essential coverage" has the meaning given that term in section 5000A(f) of the Internal Revenue Code.
(2) A carrier may offer a catastrophic plan only to an individual who:
(a) Is under 30 years of age at the beginning of the plan year; or
(b) Is exempt from any state or federal penalties imposed for failing to maintain minimum essential coverage during the plan year. [2011 c.322 §4; 2012 c.38 §22; 2015 c.3 §54; 2015 c.515 §24]
Note: See first note under 743.824 (Cash dividends for healthy behaviors).
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