The nearly three-week delay aims to give insurers more time to devise products and prices amid uncertainty surrounding the future of federal cost-sharing reduction payments. CSRs help insurers subsidize the cost of coverage for low-income Americans.
States not allowing payers to modify 2018 rate filings must notify CMS by Sept. 5, according to a CMS memo. Final contracts for insurers participating in the exchanges next year are due Sept. 27, with open enrollment slated for Nov. 1.
More articles on payer issues:
10 Medicare Advantage plans ranked by member satisfaction
UnitedHealth adds former GlaxoSmithKline CEO, medical school president to board
ACA’s insurance tax will increase premiums 2.6% in 2018, UnitedHealth-commissioned study finds
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.