LITTLE ROCK, AR (News release) - Five companies have filed to sell individual health insurance plans on Arkansas’s Federally-facilitated Health Insurance Marketplace for the 2015 plan year.
The issuers filing for qualified health plan certification are Arkansas Blue Cross Blue Shield, Celtic Insurance Company, National Blue Cross Blue Shield Multi-State, QCH Health Plan Inc., and QualChoice Life and Health Insurance Company, Inc.
The companies submitted plans and service areas for 2015, which will be carefully reviewed for adequacy. The Arkansas Healthcare Independence Act of 2013 requires that consumers in each of Arkansas’s 75 counties have a choice among at least two health insurance issuers.
Commissioner Jay Bradford said, “It has always been my desire, and in the best interest of the Arkansas consumer, to have quality competition and choice on the Health Insurance Marketplace.” Bradford said he was pleased with the level of participation the industry continues to show.
“While the plans have not yet been approved and certified by The Center for Consumer Information and Insurance Oversight (CCIIO), I am confident Arkansas consumers in all 75 counties will now have more choice among health plans and issuers,” said Bradford.
The Arkansas Insurance Department will review health plans for compliance with state and federal requirements through August.
Plans approved by the state will be submitted to CCIIO for certification to be sold on the Federally-facilitated Health Insurance Marketplace in Arkansas.
Rates will be announced after all plans are certified. Open enrollment for 2015 plan year begins November 15, 2014.
Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.