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Tag Archives: individual market

Md. insurers say reinsurance program has stabilized market

A reinsurance program introduced last year has stabilized Maryland’s individual health insurance market, leading to smaller rate changes than otherwise would have been expected, insurers said at a public hearing Tuesday. With the reinsurance program, insurance pools have become younger ...

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Insurers file for lower rates as the individual market stabilizes

Carriers in Maryland’s individual health market have requested average rate decreases for the second straight year, signaling that after several years of steep rate increases a reinsurance program has stabilized the market. Last year, carriers initially requested large increases. However, ...

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CareFirst sees some members take advantage of less-expensive plans

More than 1,600 CareFirst BlueCross BlueShield members on the individual market heeded the insurer’s call to switch plans for 2019, potentially tapping into hundreds of dollars a month in savings. While preparing its rates for 2019, CareFirst realized that thousands ...

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Md. to consider health insurance market’s present, future

A busy week is in store for health policy in Maryland as regulators, advocates, consumers and insurers consider the present and future of the state’s individual market. Monday, the Maryland Insurance Administration will hear from insurers and the public as ...

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Kaiser worried about planned Md. reinsurance proposal

Maryland wants a reinsurance program to stabilize the individual market and lower premiums, but one of the exchange’s two remaining insurers fears the state’s application could further destabilize the market, forcing it to raise rates next year and to reconsider ...

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Expect sticker shock for Md. individual market premium requests

Despite the expectation of a reinsurance program for 2019, Maryland’s individual market health insurers will likely file for significant premium increases when their annual rate requests are released next week. The insurers will not consider the state’s pending reinsurance waiver ...

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Experts say Md.’s new reinsurance initiative a short-term fix

Gov. Larry Hogan approved one reinsurance bill adopted by the legislature and a second reinsurance bill gained final passage Thursday, but these measures likely remain short-term solutions to the state’s individual health insurance market woes. A reinsurance program will likely ...

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