Sec. 104. Premiums
177 words·~1 min read·
/bill/116/hr/2452/ih/section-104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary shall establish premium rates for the public health plan option that— are adjusted based on the applicable rating area; are at a level sufficient to fully finance— the costs of health benefits provided by such plans; and administrative costs related to operating the plans; comply with the requirements under section 2701 of the Public Health Service Act ( 42 U.S.C. 300gg ); and ensure that no individual or household will pay more than 8 percent of adjusted gross monthly income toward the monthly premium.
Federal subsidies shall be provided to ensure that the premium shall be— zero in the case of an individual whose annual household income is below 200 percent of the poverty line; determined by a linear sliding scale, in the case of an individual whose household income is at least 200 percent of the poverty line, but not more than 600 percent of the poverty line; and no individual or household above 600 percent of poverty level will pay more than 8 percent of adjusted gross monthly income toward such monthly premium.
Connectionstraces to 1
Traces to 1 document