Feds renew Md. ‘reinsurance’ program to continue reduced rates for individually purchased health plans

Federal agencies have approved a five-year extension on a waiver that helps keep rates lower for Marylanders purchasing health insurance from the state insurance marketplace known as the Maryland Health Connection. According to a news release this week from the health connection, the U.S. Department of Health and Human Services and the Department of the Treasury have approved extending the waiver on the State Reinsurance Program, which works to keep costs down for those who purchase their own health insurance.