44 Healthy New York Program State subsidized reinsurance mechanism that is one component of Healthy New York Pays 90% of claims between $5,000 and $75,000 per individual Small employers, sole proprietors and individuals may participate if they are uninsured for the past 12 months and meet income eligibility All HMOs must offer a qualified plan; premiums are community rated Risk corridor was originally set at $30,000 to $100,000; it was reduced due to low claims activity, and premiums dropped approximately 17% Texas Department of Insurance
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