42-157.2-4. General program parameters.

(a) State-based subsidy amounts shall be based on annual affordability percentages,

following the methodology established by the exchange under § 42-157.2-5.

(b) Any state-based subsidy provided by the program will be remitted by the exchange to

the insurer selected by the eligible enrollee.

(c) A state-based subsidy provided by the program shall be provided only to a Rhode Island

resident who is determined eligible by the exchange for the federal premium tax credit authorized

under § 36B of the Internal Revenue Code and enrolled in health insurance coverage through the

exchange.

(1) A state-based subsidy may also be provided by the program to a Rhode Island resident

whose household income exceeds the limit set forth under § 36B of the Internal Revenue Code but

meets all other eligibility criteria for the federal premium tax credit authorized under § 36B of the

Internal Revenue Code, and is enrolled in health insurance coverage through the exchange.