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Thu October 10, 2013
Idaho Health Insurance Exchange Fees Could More Than Double By 2016
Idaho insurance exchange leaders may hike fees by as much as 75 percent within two years, according to emails indicating existing fees could be insufficient to sustain the Internet health coverage marketplace's operations.
The Your Health Idaho exchange opened last week, with the web site disrupted by heavy traffic from potential enrollees.
The exchange now charges a 1.5 percent assessment on each policy, to build operational reserves.
But in early September, exchange finance chief Pat Kelly had planned to announce that fee could be boosted to 2.6 percent by 2016, the deadline when the federal government requires Idaho's exchange be self-sustainable.
Kelly's presentation was scuttled, however, a decision exchange director Amy Dowd recalled on Thursday came after concluding it was based on calculations too preliminary to make public just yet.
Affordable Care Act