Texas HRP

The Texas Health Insurance Risk Pool [1] became operational in 1998. The pool is financed by premiums paid by enrollees and assessments on insurers. The premium cap is 200 percent of the average standard rate for commercial health insurance. The board of directors sets the rates annually; currently they are at the maximum of 200 percent.  At the end of February 2008, over 27,500 people were enrolled in the pool.