{"data":{"id":"us-mt/33-22-1314","jurisdiction":"us-mt","citation":"33-22-1314","heading":"Payment parameters.","body":"(1) The board shall design and adjust the payment parameters to ensure that the payment parameters will:\n(a) stabilize or reduce premium rates in the individual market;\n(b) increase or maintain participation in the individual market;\n(c) mitigate the impact high-cost individuals have on premium rates in the individual market;\n(d) consider any federal funding available for the plan; and\n(e) consider the total amount available to fund the plan.\n(2) The attachment point must be set by the board at $40,000 or more but may not exceed the reinsurance cap.\n(3) The coinsurance rate must be set by the board between 50% and 80%.\n(4) The reinsurance cap must be set by the board at $1 million or less.\n(5) The board may adjust the payment parameters annually to the extent necessary to secure federal approval of the state innovation waiver.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 22. DISABILITY INSURANCE","Part 13. Montana Reinsurance Association Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0220/part_0130/section_0140/0330-0220-0130-0140.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:48Z","sha256":"44f190f613b0174fb1fd692bccd26b8025b87fa384da2c916023e60900c5221e","source_id":"us-mt","stale":false,"prev":"us-mt/33-22-1313","next":"us-mt/33-22-1315"},"notice":"GroundRules: Original legal text. Not legal advice."}