Mississippi Insurance Commish Miguel Chaney issued the following statement.
Commissioner
of Insurance Mike Chaney announced today that the United
States Department of Health and Human Services (HHS), has once again
granted permission to extend transitional relief for insureds living in
Mississippi.
“This
action by HHS will help us continue bringing stability to the health
insurance market and keep rates affordable for small business and
individuals in Mississippi.
Without it, over 95,000 Mississippians could join the ranks of the
uninsured,” Chaney said.
In
2013, HHS allowed individuals and small groups to maintain certain
“Grandmothered” insurance plans, also known as Transitional Plans.
These are plans that were purchased
after the enactment of the Affordable Care Act and before October 1,
2013, that were not required to comply with certain ACA reforms.
Transitional relief was originally set to expire at the end of 2017,
and last year HHS granted an extension through 2018.
This latest extension goes through December 31, 2019.
Commissioner
Chaney expressed gratitude to Senator Roger Wicker and the staff of
Senator Cindy Hyde-Smith for their assistance in obtaining the extension
of transitional
relief. The Commissioner and the MID has worked since early 2016 to
seek the extension of the transitional relief policy for Mississippians.
These individuals would have seen an average rate increase of more than
75 percent had the policy been allowed to
expire.
4 comments:
Looks good on paper, however an insurance policy that only collects premiums and doesn't pay out benefits is no insurance policy at all.
People don't need National Defense Insurance Policies, Air traffic Control Insurance policies, Safe Food Insurance policies. etc.
People need health care, not insurance policies!
So when can my self-employed bank account get some relief? The largest expenditure I have each month is health insurance for me and my two children. Not a house payment, not my equipment purchases for my business, not a car note, but HEALTH INSURANCE. And we are very seldom sick. Can't afford it, can't risk life without it.... Get the government out of health care business!!!!!
"April 13, 2018 at 7:53 AM Anonymous said...
So when can my self-employed bank account get some relief? The largest expenditure I have each month is health insurance for me and my two children. Not a house payment, not my equipment purchases for my business, not a car note, but HEALTH INSURANCE. And we are very seldom sick. Can't afford it, can't risk life without it.... Get the government out of health care business!!!!!"
ANNON: I totally agree with and am sympathetic to your predicament. When I ran a construction company in Jackson for 25 years, our biggest overhead expense was providing a SUBSIDY for employees health insurance.
As for getting government out of health insurance/care, you appear to have forgotten the double and triple whammy resulting from a lack of effective governmental regulatory protections. Insurance companies were raising premiums 50% a year while at the same time routinely denying reimbursements to policy holders under the nebulous guises of "preexisting" conditions and or less than 100% accurate insurance application forms.
https://www.kff.org/health-costs/issue-brief/pre-aca-market-practices-provide-lessons-for-aca-replacement-approaches/
At least now under the ACA or Obama Care, we can focus in on a single program whose management we can view from a more transparent stance.
Don't throw out the ACA. Fight to improve it!
I earnestly pray and trust that the good health of your family will continue
Who will this help???
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