Final Rule on Health Insurance Market Rules and Rate Review

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HHS released its final rule on insurance market rules and rate view. This rule establishes an age-rating band of 3-to-1 for adults, which means that the rates for older adults cannot be higher than three times the rate being charged to younger adults, and HHS states it does not have the authority to phase-in this rating band. It also details the catastrophic plan available to younger adults and establishes the protections for individuals with pre-existing conditions.

Resource Details

Date: Feb 2013
Author: Department of Health and Human Services