Md. Code Regs. 14.35.19.05

Current through Register Vol. 51, No. 24, December 2, 2024

Section 14.35.19.05 - Exchange Data Collection, Reporting, and Maintenance

A. The Exchange shall track data on the Program including:

(1) On a monthly basis, or more frequently as required to appropriately monitor enrollment and spending under the program, the average number of young adults receiving subsidies under the Program;

(2) On a monthly basis, or more frequently as required to appropriately monitor enrollment and spending under the program, the average subsidy amount received by young adults under the Program; and

(3) The impact the Program has on rates in the individual insurance market.

B. Information tracked in §A of this regulation shall be posted monthly on the website of the Individual Exchange and included in the Annual Report required under Insurance Article, § 31 "119(d), Annotated Code of Maryland.

C. The Individual Exchange shall maintain documents and records relating to the Program, whether paper, electronic, or in other media, for each benefit year for at least 10 years.

D. The Individual Exchange shall ensure that the collection of personally identifiable information is limited to information reasonably necessary for use in the calculation of subsidies. Any use and disclosure of personally identifiable information shall be limited to those purposes for which the personally identifiable information was collected, including for purposes of data validation.

E. The Individual Exchange shall maintain standards that provide administrative, physical, and technical safeguards for the personally identifiable information consistent with applicable State and federal standards.

Md. Code Regs. 14.35.19.05

Regulation .05 adopted effective 48:24 Md. R.1025, eff. 11/29/2021