230 R.I. Code R. 230-RICR-20-30-15.6

Current through December 3, 2024
Section 230-RICR-20-30-15.6 - Filing of Health Insurance Plan Rates - Annual, All Market Filing in the Individual, Small Group, and Large Group Markets
A. The requirements of § 15.6 of this Part shall apply to comprehensive hospital and medical health insurance plan rate filings in the individual, small group, and large group markets, in addition to the requirements of § 15.5 of this Part.
B. On the date prescribed by the Commissioner, after at least 30 days' notice to affected health insurance issuers, each health insurance issuer doing business in this state with at least one percent of the covered lives in the insured market during the prior calendar year shall file its proposed rates for health insurance plans offered, issued or renewed during the succeeding calendar year for the individual, small group, and large group markets, including rates for individual and SHOP qualified health plans offered or proposed to be offered on the Exchange.
C. In addition to the filing instructions authorized by the Commissioner under § 15.5(E) of this Part, the Commissioner's instructions for the annual, all market rate filing may require:
1. A rate factor template completed on the form prescribed by the Commissioner;
2. Evidence of compliance with the affordability standards adopted by the Commissioner, in a manner prescribed by the Commissioner; and
3. Such other instructions as the Commissioner determines are necessary or desirable to review the rate filing in accordance with statutory and regulatory standards.
D. The annual, all market rate filing provided for in § 15.6 of this Part shall not be considered complete until the health insurance issuer has responded to all additional requests by the Office for clarification of the filing, and the Office has notified the issuer that the filing is complete.

230 R.I. Code R. 230-RICR-20-30-15.6