42-157.2-1. Short title and purpose.

(a) This chapter shall be known and may be cited as the "Rhode Island Marketplace

Affordability Program Act of 2026."

(b) The purpose of this chapter is to create a state affordability program to reduce health

insurance premiums for low- and moderate-income consumers enrolled in health insurance

coverage through the Rhode Island health benefit exchange.

13 42-157.2-2. Definitions.

As used in this chapter:

(1) "Exchange" means the Rhode Island health benefit exchange established within the

department of administration by § 42-157-1.

(2) "Health insurance coverage" has the same meaning as set forth in § 27-18.5-2.

(3) "Individual market" has the same meaning as set forth in § 27-18.5-2.

(4) “Insurer” has the same meaning as set forth in § 42-157-2.

(5) "Program" means the Rhode Island individual market affordability program established

21 by § 42-157.2-3.

(6) "State" means the State of Rhode Island.