Section 743.826 - Requirements for catastrophic plans(1) As used in this section: (a) "Catastrophic plan" means a health benefit plan that meets the requirements for a catastrophic plan under 42 U.S.C. 18022(e).(b) "Minimum essential coverage" has the meaning given that term in section 5000A(f) of the Internal Revenue Code.(2) A carrier may offer a catastrophic plan only to an individual who: (a) Is under 30 years of age at the beginning of the plan year; or(b) Is exempt from any state or federal penalties imposed for failing to maintain minimum essential coverage during the plan year.Amended by 2015 Ch. 515, § 24, eff. 6/22/2015.Amended by 2015 Ch. 3, § 54, eff. 3/6/2015, op. 6/30/2015.Amended by 2012 Ch. 38, § 22, eff. 3/8/2012.