(c) This subsection (1) does not apply to plans or benefits provided under medicaid, medicare, or the children's basic health plan.
(2) (a) The enterprise shall transmit the fees and special assessments collected pursuant to this section to the state treasurer for deposit in the health insurance affordability cash fund created in section 10-16-1206 and, except as provided in subsection (4) of this section, shall allocate the money in the fund in accordance with this subsection (2).
(b) The enterprise shall allocate the revenues collected in 2021, and any other money deposited in the fund in 2021, as follows:
(I) Up to three percent for actual administrative costs as set forth in subsection (1)(b)(IV) of this section;
(II) To the reinsurance program cash fund, an amount necessary to fund the payment parameters of the reinsurance program, as determined pursuant to section 10-16-1105 (2), not to exceed ninety million dollars or, if the revenues collected pursuant to subsection (1)(a) of this section are less than ninety million dollars, the amount collected; and
(III) Of any remaining balance in the fund after deducting the allocations specified in subsections (2)(b)(I) and (2)(b)(II) of this section:
(A) Up to one percent of the total amount of revenues collected or deposited into the fund in 2021, but not more than one million five hundred thousand dollars, for implementation costs and consumer enrollment, outreach, and education activities regarding health care coverage as described in subsection (1)(b)(V) of this section; and
(B) The remaining balance to carriers to reduce the costs of individual health plans for individuals who purchase an individual health benefit plan on the exchange and receive the premium tax credit.
(c) The enterprise shall allocate the revenues collected in 2022, and any other money deposited in the fund in 2022, as follows:
(I) Up to three percent for actual administrative costs as set forth in subsection (1)(b)(IV) of this section;
(II) To the reinsurance program cash fund, eighty-eight million dollars; and
(III) Of the remaining balance in the fund after deducting the allocations specified in subsections (2)(c)(I) and (2)(c)(II) of this section:
(A) Thirty percent to carriers to reduce the costs of individual health plans for individuals who purchase an individual health benefit plan on the exchange and receive the premium tax credit; and
(B) Seventy percent for subsidies for state-subsidized individual health coverage plans purchased by qualified individuals.
