§ 58-50-255. Pool financing; Board reporting. - North Carolina Statutes

§ 58‑50‑255.  Poolfinancing; Board reporting.

(a)        The Board shallmonitor methods of financing the Pool to ensure a stable funding source andallow for its continued operation. This monitoring shall include supplementarysources of funding, such as funds obtained from public and private not‑for‑profitfoundations, or other appropriate and available State or non‑State funds.The Board shall also review on a regular basis:

(1)        The number ofindividuals in this State who are uninsured as of a date certain because ofhigh‑risk conditions.

(2)        The number ofuninsured individuals who would qualify for coverage under the Pool based onG.S. 58‑50‑195 and its Plan of Operation.

(3)        The cost of coverageunder each of the health insurance plans developed by the Board, includingadministrative costs.

(4)        The status of arequest by the State to the Centers for Medicare and Medicaid Services forapproval of the North Carolina Health Insurance Risk Pool to be considered anacceptable "alternative mechanism" under the federal Health InsurancePortability and Accountability Act in accordance with 45 C.F.R. § 148.128(e).

(5)        Methods forproviding a premium subsidy on a sliding scale basis for individuals withincomes up to three hundred percent (300%) of the federal poverty guidelines.

(b)        The Board shallreport its findings and recommendations to the General Assembly on March 1,2008, and annually thereafter. (2007‑532, s. 1.1.)