Montana § 33-22-1314 - Payment Parameters
Full text of Montana Montana Code Annotated § 33-22-1314 — Payment Parameters, with citation guidance and answers to common questions.
§ 33-22-1314. Payment Parameters
Payment parameters. (1) The board shall design and adjust the payment parameters to ensure that the payment parameters will: (a) stabilize or reduce premium rates in the individual market; (b) increase or maintain participation in the individual market; (c) mitigate the impact high-cost individuals have on premium rates in the individual market; (d) consider any federal funding available for the plan; and (e) consider the total amount available to fund the plan. (2) The attachment point must be set by the board at $40,000 or more but may not exceed the reinsurance cap. (3) The coinsurance rate must be set by the board between 50% and 80%. (4) The reinsurance cap must be set by the board at $1 million or less. (5) The board may adjust the payment parameters annually to the extent necessary to secure federal approval of the state innovation waiver.
Frequently Asked Questions About Montana § 33-22-1314
What does Montana Code Annotated § 33-22-1314 cover?
Section 33-22-1314 ("Payment Parameters") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 33-22-1314?
A common citation format is "Montana Code Annotated § 33-22-1314" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 33-22-1314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.