Section 12-15-41-8 - Premiums(a) An individual whose gross annual income, including the gross annual income of the individual's spouse, if married, is less than one hundred fifty percent (150%) of the federal income poverty level for the size of the individual's or couple's family may not be required to pay a premium to participate in the buy-in program.(b) An individual whose gross annual income, including the gross annual income of the individual's spouse, if married, is at least one hundred fifty percent (150%) but not more than three hundred fifty percent (350%) of the federal income poverty level for the size of the individual's or couple's family, must pay a monthly premium in an amount equal to:(1) the lesser of: (A) the amount prescribed by the sliding scale developed by the office under section 7 of this chapter; or(B) seven and one-half percent (7 1/2%) of the individual's or couple's gross annual income divided by twelve (12); minus(2) the monthly amount of any premium paid by the individual, the individual's spouse, or the individual's parent for health insurance that covers the individual.As added by P.L. 287-2001, SEC.9.