FOR IMMEDIATE RELEASE:
5/17/2019
FOR INFORMATION, CONTACT:
Joseph Sviatko, 410-468-2458

Commissioner Redmer to Hold Public Hearing on Proposed “Affordable Care Act” Health Insurance Premium Rates for 2020

Public Hearing to be held Tuesday, July 16 in Baltimore

BALTIMORE — Maryland Insurance Commissioner Al Redmer, Jr. will hold a public hearing on insurance companies’ proposed premium rates for 2020 health insurance plans. This quasi-legislative hearing, scheduled from 2:00 PM – 4 PM on Tuesday, July 16, 2019 at the Maryland Insurance Administration’s (MIA) office in Baltimore, will focus on plans sold through producers or the Maryland Health Benefit Exchange to individuals and to small employers.
 
“It’s imperative that we receive feedback from all stakeholders on the premium rates for health insurance as it directly impacts everyone’s budget,” said Commissioner Redmer. “We are looking forward to hearing from interested parties on this important financial issue.”
 
Two insurers (four legal entities) filed to sell in the Individual Non-Medigap (INM) market for next year, and four insurers (10 legal entities) filed for the Small Group (SG) market. A summary of their requests can be found at www.insurance.maryland.gov. More comprehensive information can be found at: www.healthrates.mdinsurance.state.md.us. Public comments may be submitted until 5 PM on Friday, August 16, 2019.
 
Any interested party is invited to attend the public hearing. Time limits may be imposed for oral testimony, depending on the number of people who attend. The MIA is located at 200 St. Paul Place, Baltimore, Md., 21202. The public hearing will be held in the Francis Scott Key Room on the 22nd floor. Written testimony may be submitted by emailing healthinsuranceratereview.mia@maryland.gov or by faxing 410-468-2038 or by mailing the MIA, 200 St. Paul Place, Suite 2700, Baltimore, Md. 21202 attention: Nancy Muehlberger, Office of the Chief Actuary.
 
Click HERE to view Chief Actuary presentation.
Click HERE to view transcript of public hearing.
 
For those individuals who are unable to attend in person, the MIA will have a conference call line available. The number is 385-404-0405 and the passcode is 240 736 402#.
 
Questions about Maryland’s rate review process should be directed to Todd Switzer, Chief Actuary at 410-468-2041, or by email at Todd.Switzer@maryland.gov.
 
About the Maryland Insurance Administration
 
The Maryland Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin, Twitter at @MD_Insurance or Instagram at @marylandinsuranceadmin.

#  #  #