Section 31-105 – Executive Director
(a) (1) With the approval of the Governor, the Board shall appoint an Executive Director of the Exchange. (2) The Executive Director shall serve at the pleasure of the Board. (3) The Board shall determine the appropriate compensation for the Executive Director. (b) Under the direction of the Board, the Executive Director shall: (1) be the chief administrative officer of the […]
Section 31-106 – Powers of Board
(a) Subject to any limitations under this subtitle or other applicable law, the Board shall have all powers necessary or convenient to carry out the functions authorized by the Affordable Care Act and consistent with the purposes of the Exchange. (b) The enumeration of specific powers in this subtitle is not intended to restrict the Board’s power […]
Section 31-107 – Maryland Health Benefit Exchange Fund
(a) There is a Maryland Health Benefit Exchange Fund. (b) (1) The purpose of the Fund is to: (i) provide funding for the operation and administration of the Exchange in carrying out the purposes of the Exchange under this subtitle; (ii) provide funding for the establishment and operation of the State Reinsurance Program authorized under this subtitle; (iii) provide funding for […]
Section 31-107.1 – Trust Account
(a) The Board shall establish a trust account to hold premium payments accepted from qualified plan enrollees and small employers by the Exchange on behalf of a carrier under contract or other agreement. (b) The trust account may be used only to hold a premium payment until the Exchange transmits the premium payment to the carrier on […]
Section 31-107.2 – Budget Appropriations
(a) (1) For State fiscal year 2015 and for each State fiscal year thereafter, from the funds received from the distribution of the premium tax under § 6–103.2 of this article, the Governor shall provide an appropriation in the State budget adequate to fully fund the operations of the Exchange. (2) (i) For State fiscal year 2015, the appropriation […]
Section 31-108 – Functions and Operations of Exchange
(a) On or before January 1, 2014, the functions and operations of the Exchange shall include at a minimum all functions required by § 1311(d)(4) of the Affordable Care Act. (b) In compliance with § 1311(d)(4) of the Affordable Care Act, the Exchange shall: (1) make qualified plans available to qualified individuals and qualified employers; (2) allow a carrier […]