1. (1) As used in this section:

   1. (a) “Catastrophic plan” means a health benefit plan that meets the requirements for a catastrophic plan under 42 U.S.C. 18022(e).
   2. (b) “Minimum essential coverage” has the meaning given that term in section 5000A(f) of the Internal Revenue Code.

2. (2) A carrier may offer a catastrophic plan only to an individual who:

   1. (a) Is under 30 years of age at the beginning of the plan year; or
   2. (b) Is exempt from any state or federal penalties imposed for failing to maintain minimum essential coverage during the plan year.

Note: See note under 743.824.

[2011 c.322 §4; 2012 c.38 §22; 2015 c.3 §54; 2015 c.515 §24]