In Maine’s individual health insurance market, two insurers are demanding lower-than-expected increases for 2019.
The Portland Press Herald reported that insurance companies are demanding an average increase of more than 9 percent in 2019.
High federal subsidies can help 85 percent of affected policyholders. Nearly 76,700 Mainers fell into the Individual Eligible Care Act, falling 10 percent from 2017 in the first quarter of 2018.
Massachusetts-based Harvard Pilgrim Health Care is seeking an average premium increase of 9.5 percent for the individual plans of Maine’s ACA market in 2019.
The Lewiston-based Community Health Options are demanding an average premium increase of 9.2 percent for individual plans.
If the state re-engages the reinsurance program, the rate increases may be smaller. So Anthem says that Maine can rejoin the individual market.
Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.