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Ch. 345 2006 LAWS OF MARYLAND
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Article - Insurance
Section 14-106(e), 14-511, and 14-512
Annotated Code of Maryland
(2002 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, with amendments,
Chapter 153 of the Acts of the General Assembly of 2002, as amended by
Chapter 282 of the Acts of the General Assembly of 2005
Section 13
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Insurance
14-106.
(e) The subsidy required under the Senior Prescription Drug Assistance
Program may not exceed:
(1) for the period of January 1, 2008 through June 30, 2006, $8,000,000:
(2) for fiscal year 2007, $14,000,000 [and]
(3) FOR FISCAL YEAR 2008, $14,000,000; AND
(4) for any year, the value of the nonprofit health service plan's premium
tax exemption under § 6-101(b) of this article.
14-511.
(a) There is a Senior Prescription Drug Assistance Program.
(b) The purpose of the Program is to provide Medicare Part D beneficiaries,
who meet Program eligibility requirements, with a State [subsidy for a portion of
their:
(1) Medicare Part D prescription drug plan premium and deductible; or
(2) Medicare Advantage Plan premium and deductible related to a
prescription drug benefit] SUBSIDY.
(c) The Board shall contract with a third party to administer the Program.
(d) The Administrator of the Program shall:
(1) submit a detailed financial accounting of the Program to the Board as
often as the Board requires;
(2) collect and submit to the Board data regarding the utilization
patterns and costs for Program enrollees; and
(3) develop and implement a marketing plan targeted at eligible
individuals throughout the State.
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