Young Adult Plans

An HMO can include a maximum deductible consistent with the maximum contribution requirements allowed for a federally-established Health Savings Account.
Provides that an HMO plan covering a young adult will be approved as a Young Adult Health Benefit Plan if it complies with young adults plan standards.
Establishes insurance plan coverage criteria for Young Adults to be set by Division of Insurance. Only individuals between 19 & 26 who do not have employer-sponsored coverage are eligible for these products. Only insurance carriers with 5,000 or more enrollees may offer Young Adult plans, and the plans must be offered through the Connector.