Chapter 743 — Health and Life Insurance and Annuities
ORS 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.
Note: See note under 743.824.
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2025 Oregon Revised Statutes — official online source
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2025 Oregon Revised Statutes — official online source