Health insurers to offer plans through Md. health exchange

Health insurers to offer plans through Md. health exchange

When the Maryland Health Benefit Exchange starts signing up individuals for insurance in October for coverage starting next January, health insurance companies plan to participate, reports the Washington Business Journal. The major companies – CareFirst BlueCross BlueShield, United Healthcare and Aetna – will all offer plans, as will several smaller insurers. Cigna will not participate since it does not offer individual or small group plans in the state.

The companies have submitted their plans and rates to the Maryland Insurance Administration, which expects to rule on the proposals in July. CareFirst has proposed a 25 percent increase for its individual plans, and United Healthcare has asked for a 15 to 28 percent increase for its small group plans.

Marylands small business health exchange is expected to start enrollment next January and coverage by March.

Download Bulletin PDF