Friday is the deadline to apply for health insurance through the Affordable Care Act. Premiums are down this year and that’s in part due to the Alaska Reinsurance Program.
A Moda spokesperson declined an interview request but wrote in an email the company hopes to salvage its small and large group business in Alaska.
Alaska’s director of insurance estimates the company has about 10,000 individual members in Alaska and another 7,000 members on the small-group market.
Buried in state medical codes is a rule that essentially allows specialists to name a price that insurers are required to pay. “There’s nothing holding them back,” says consultant Jeff Ranf.
Premera Alaska is asking the state and federal government to approve an average rate increase of 39 percent for its Affordable Care Act health insurance plans in the state for 2016.
In Alaska, the final numbers aren’t in yet. The two insurers on the state’s federally run marketplace are reporting they had 7,500 enrollees by mid March.
In Alaska, about 3,000 people selected marketplace plans before Dec. 28 and 83 percent qualify for a subsidy to help pay for premiums.
Premera Alaska won’t increase premium rates for Alaskans who decide to extend their plans for another year.
Health Insurer Premera Alaska will allow 5,200 customers in the state to keep their insurance plans.
President Obama announced new rules that may allow some residents to keep their plans for another year. But for Fairbanks knife maker Mark Knapp, that “fix” doesn’t go far enough.