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Health insurers have submitted rate requests that range from 8.4% to 32.7%, which would affect more than 115,000 Maine residents currently enrolled in health coverage through the merged market.
If approved by state regulators, the increases would go into effect next year.
To address concerns, Maine Superintendent of Insurance Bob Carey will host a public forum on Friday, Aug. 15, at 9 a.m. The session will be virtual.
Carey will discuss the proposed rate increases, which are being sought by health insurers offering coverage in the merged individual and small group market.
In next Friday's forum, Carey will offer an overview. Each of the health insurers participating in Maine’s merged market will discuss key drivers affecting rates, the state said.
After the presentations, members of the public will be invited to offer comments.
Those who wish to attend the forum, which will be held virtually, must preregister through this registration form on the Bureau’s website.
Attendees may offer comments and ask questions about the proposed increases. Representatives from the health insurers and the Bureau will provide information and answer questions about the rate requests and the rate review process.
Written comments as well as questions about registration should be directed to insurance.pfr@maine.gov.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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