CONNECTOR OPTS FOR LOWER HEALTH INSURE RATE HIKE OPTION
By Colin A. Young
STATE HOUSE NEWS SERVICE
STATE HOUSE, BOSTON, OCT. 12, 2017...The Massachusetts Health Connector will ready a plan of action in the event that the federal government cuts off certain insurance subsidies, but announced Thursday that it will use its standard 2018 rates and not significantly higher rates, as had been contemplated, for a subset of plans it offers.
With uncertainty around federal health care changes looming and the start of an open enrollment period less than three weeks away, the Health Connector and Division of Insurance prepared two sets of rates for 2018 to account for the possibility that the federal government will stop making monthly cost sharing reduction (CSR) payments.
As many as 80,000 consumers who buy their insurance through the Connector could be affected by the decision, and using the standard rates means that those consumers will see average premium increases of 10.5 percent next year. Had the second set of rates been adopted, consumers would have seen an average premium increase of 26.1 percent in 2018.
Already a subscriber? Login to continue reading...
Get the Rest of the Story!
State House News Service subscribers include media outlets, corporations, non-profits and law offices of every size. You may request a free 21-day trial of the News Service for your company by submitting the form below.
Note to political campaigns: We do not accept trial requests from campaigns from June 24 through Election Day. However, we would be happy to start a pre-paid subscription for your campaign (except for constitutional offices) at a deeply-discounted rate of $21/week, paid through the election. Simply email Virginia Cummings to set up this subscription; she'll send you further instructions.
If you are already a subscriber and need access to SHNS, please send an email to email@example.com or call 617-722-2439.