42-157.2-4. General program parameters.
(a)State-based subsidy amounts shall be based on annual…#
(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…#
(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…#
(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.