(1) As used in this section: (a) Catastrophic plan means a health benefit plan that meets the requirements for a catastrophic plan under 42 U.S.C. 18022(e). (b) Minimum essential coverage has the meaning given that term in section 5000A(f) of the Internal Revenue Code. (2) A carrier may offer a catastrophic plan only to an individual who: (a) Is under 30 years of age at the beginning of the plan year; or (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.
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