The Maryland Health Benefit Exchange

The Maryland Health Benefit Exchange
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Mission: Maryland’s Exchange will allow Marylanders to compare different health insurance plans and find one that suits their needs. In addition, users will be able to provide tax credits to employers. The purpose of the marketplace is to let private insurers compete and provide accurate rates so Marylanders can choose the best option. Governor O’Malley […]Continue reading «The Maryland Health Benefit Exchange»

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Mission: Maryland’s Exchange will allow Marylanders to compare different health insurance plans and find one that suits their needs. In addition, users will be able to provide tax credits to employers. The purpose of the marketplace is to let private insurers compete and provide accurate rates so Marylanders can choose the best option.

Governor O’Malley approved The Maryland Health Benefit Exchange Act in April 2011. The bill establishes the Exchange as an independent, public entity, the duties required by the ACA and directs the Exchange to conduct a study to determine how to best operate the Exchange within the state of Maryland. The Exchange has hired staff and made key initial decisions. Rebecca Pearce was appointed to the position of Executive Director of Maryland Health Benefit Exchange in September 2011. The Exchange board consists of nine members working to get the system up and running by the operational deadline of January 2014 (1).

The Exchange is expected to provide access to about 350,000 Marylanders. Medical Assistance will cover individuals making less than $15,000 a year or families of four making less than $30,500 a year. No one will be denied coverage due to pre-existing conditions. Maryland has received two large federal grants to aid the system development process. These include a $27.2 million Exchange Establishment grant and a $6.2 million Innovator grant. This year O’Malley signed the O’Malley-Brown Administration’s Health Benefit Exchange Act of 2012 (2). This act outlines the health and dental plans that can be offered, establishes the Navigator Program, and addresses issues such as risk adjustment, fraud, waste, and market rules.

This year the Exchange plans on focusing on the Navigator Program, determining a plan for advertising and marketing, analyzing financing options, plan for fraud and abuse, and work on a dental plan (3). The Maryland Health Benefit Exchange is projected to open in October 2013.

 

1)    http://dhmh.maryland.gov/exchange/SitePages/Home.aspx
2)    http://www.governor.maryland.gov/ltgovernor/pressreleases/120502.asp
3)    http://www.gazette.net/article/20120706/OPINION/707069701/-1/maryland-out-front-on-health-care-reform&template=gazette

 

 

Address

CIO, Maryland Health Benefit Exchange 4201 Patterson Ave. 4th Floor Baltimore, MD 21215

Phone

410-358-5617


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