Section 220-RICR-90-00-1.2 - AuthorityA. This Part is promulgated pursuant to the authority set forth in R.I. Gen. Laws Chapter 42-157; R.I. Gen. Laws §§ 44-30-101; and 42-7.2-1et seq.; Pub. Law 111-148, the Patient Protection and Affordable Care Act (ACA), as amended by Pub. Law 111-152, the Federal Health Care and Education Reconciliation Act of 2010, and any amendments to, or Regulations or guidance issued under those Acts.B. §1311 of the ACA provides legal authority for States to establish health insurance exchanges. Health insurance exchanges are designed to provide affordable health insurance to eligible individuals and small businesses through Qualified Health Plans (QHPs). The Exchange will operate a Small Business Health Options Program (SHOP), which permits employers to obtain group health insurance coverage for their employees. Certain employers that purchase coverage through a SHOP are eligible for a Federal small business premium tax credit.C. Pursuant to the provisions of R.I. Gen. Laws §§ 42-35-3(a)(3) and 42-35.1-4, consideration was given to: alternative approaches to the Regulations; duplication or overlap with other State Regulations; and significant economic impact on small business.D. Based upon available information, no known alternative approach, duplication or overlap was identified.220 R.I. Code R. § 220-RICR-90-00-1.2
Amended effective 12/22/2019
Amended effective 12/31/2020
Amended effective 4/2/2023