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Code · Maryland · Insurance

§ 31-121

104 words·~1 min read·/md/insurance/31-121

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§31–121.
(a)The Exchange, in consultation with the Commissioner and as approved by the Board, may submit a State Innovation Waiver application under § 1332 of the Affordable Care Act to allow the State to administer the federal Small Business Health Care Tax Credit to small businesses for monthly premium payments.
(b)Before applying for a State Innovation Waiver under subsection
(a)of this section, the Exchange shall determine whether the State needs to apply for a State Innovation Waiver in order to distribute the federal Small Business Health Care Tax Credit on a monthly basis to eligible employers enrolling in the SHOP Exchange.
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