The commissioner, in cooperation with insurance carriers interested in participating, shall develop a group health insurance plan providing basic coverage, to be marketed to employers by insurance carriers approved by the commissioner, which employers have not offered health care benefits to their employees within the preceding twelve months and which are likely to have eligible employees under the employer-sponsored health care plan premium credit provided by section 513B.43. This shared cost option for private employers basic benefit coverage plan is subject to such additional requirements as the commissioner may impose to assure that an affordable policy is effectively marketed to benefit eligible low-income employees and their families. The premium credit under section 513B.43 is limited to the shared cost option for private employers plan approved by the commissioner under this section, and is not available to other basic benefit coverage plans generally authorized by this subchapter, in order to facilitate administration of the participation limits imposed by section 513B.43.
91 Acts, ch 244, §20
CS91, § 514H.10
93 Acts, ch 80, § 20
CS93, § 513B.41
Referred to in § 432.12, 513B.43
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