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Steve's News Regarding Increases in Proposed Health Insurance

2017-05-20

Recently, the Maryland Insurance Commission provided information regarding a hearing on increases in the Proposed Health Insurance Premium Rates.  I am forwarding this information due to the importance of this issue and the potential impact to you and your family. The meeting is scheduled for:

Wednesday, June 21, 2017

10 a.m. to 12 noon

Maryland Insurance Administration Office
200 St. Paul Place, Baltimore, MD 21202

Below is the press release.

Best wishes,

Steve

Commissioner Redmer to Hold Public Hearing on Proposed Health Insurance Premium Rates

Public Hearing to be held Wednesday, June 21 in Baltimore

BALTIMORE — Maryland Insurance Commissioner Al Redmer, Jr. will hold a public hearing on insurance companies’ proposed premium rates for 2018 health insurance plans. This quasi-legislative hearing, scheduled from 10:00 am – 12 pm noon on Wednesday, June 21, 2017 at the Maryland Insurance Administration’s office in Baltimore, will focus on plans sold directly to individuals and to small employers.

“It’s imperative that we receive feedback from all stakeholders on the premium rates for health insurance as it directly impacts everyone’s budget,” said Commissioner Redmer. “We are looking forward to hearing from interested parties on this important financial issue.”

Six insurance companies filed to sell in the individual market for next year, and 12 filed for the small group market. A summary of their requests can be found at www.insurance.maryland.gov. More comprehensive information from the carriers can be found at: www.healthrates.mdinsurance.state.md.us. This site also allows the public to submit comments through Tuesday, June 20, 2017. 

Any interested party is invited to attend the public hearing. Time limits may be imposed for oral testimony, depending on the number of people who attend. The Maryland Insurance Administration is located at 200 St. Paul Place, Baltimore, Md., 21202. The public hearing will be held in the Francis Scott Key Room on the 22nd floor.

For those individuals who are unable to attend in person, the Administration will have a conference call line available. The number is 866-247-6034 and the passcode is 1573490062.

Written testimony may be submitted by emailing healthinsuranceratereview.mia@maryland.gov or by faxing 410-468-2038 or by mailing the Maryland Insurance Administration, 200 St. Paul Place, Suite 2700, Baltimore, Md. 21202 attention: Nancy Muehlberger, Office of the Chief Actuary. All comments must be received by 5 p.m. on Tuesday, June 20, 2017.

Questions about Maryland’s rate review process should be directed to Todd Switzer, Chief Actuary at 410-468-2041, or by email at Todd.Switzer@maryland.gov.

About the Maryland Insurance Administration

The Maryland Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin or Twitter at @MD_Insurance.