§ 27-50-16. Risk adjustment mechanism.
The director may establish a payment mechanism to adjust for the amount of risk covered by each small employer carrier. The director may appoint an advisory committee composed of individuals that have risk adjustment and actuarial expertise to help establish the risk adjusters.
History of Section.P.L. 2000, ch. 200, § 9; P.L. 2000, ch. 229, § 10.
Structure Rhode Island General Laws
Chapter 27-50 - Small Employer Health Insurance Availability Act
Section 27-50-1. - Short title.
Section 27-50-3. - Definitions.
Section 27-50-4. - Applicability and scope.
Section 27-50-5. - Restrictions relating to premium rates. [Effective until January 1, 2023.]
Section 27-50-6. - Renewability of coverage.
Section 27-50-7. - Availability of coverage.
Section 27-50-8. - Certification of creditable coverage.
Section 27-50-9. - Periodic market evaluation.
Section 27-50-10. - Wellness health benefit plan.
Section 27-50-10.1. - Basic benefit health plan. [Expires December 31, 2010.]
Section 27-50-11. - Administrative procedures.
Section 27-50-12. - Standards to assure fair marketing.
Section 27-50-12.1. - Renewal rating.
Section 27-50-14. - Severability.
Section 27-50-15. - Restoration of terminated coverage.
Section 27-50-16. - Risk adjustment mechanism.
Section 27-50-17. - Affordable health plan reinsurance program for small businesses.
Section 27-50-18. - Special enrollment — Pregnancy. [Effective January 1, 2023.]