Insurance Commissioner Submits Exchange Blueprint for Plan Management to HHS

 

Insurance Commissioner Submits Exchange Blueprint for Plan Management to HHS

Blueprint package describes state/federal partnership plan

February 15, 2013, DES MOINES, IOWA -  Iowa Insurance Commissioner Nick Gerhart submitted documents late yesterday to Health and Human Services (HHS) Secretary Kathleen Sebelius as required for the implementation of a state/federal Partnership Exchange in Iowa. 

The required documents, due today in the format required by HHS, included an Exchange Blueprint that is consistent with Governor Branstad’s Declaration letter of December 14, 2012, in which he stated that Iowa would proceed with the Partnership plan for a Health Insurance Exchange.  The Exchange Blueprint spells out that Iowa will continue to regulate insurance plans and that the state will retain the function of the Plan Management in a state/federal Partnership Exchange.   This leaves the oversight of companies participating in the Exchange and the qualified health plans they offer within the Iowa Insurance Division’s jurisdiction and authority.

With the Medicaid and CHIP eligibility and plan management functions reserved for the state under the state/federal partnership model now established, the next step in the process is for HHS to make a determination regarding the acceptance of Iowa’s plan.

“We’re glad to keep this moving forward,” Gerhart said. “There are many things not yet known about how the exchange will impact the Iowa market, but the federal law makes it clear an exchange will be implemented in Iowa by January 1, 2014.  With this submission, we have met the requirement to use the partnership model that keeps some control of the exchange in the hands of the state. “

The Iowa Blueprint Package can be viewed on the Iowa Insurance Division’s website www.iid.state.ia.us.

About the Iowa Insurance Division

The Iowa Insurance Division (IID) has general control, supervision and direction over all insurance and securities business transacted in the state, and enforces Iowa’s insurance and securities laws and regulations. The IID investigates consumer complaints and prosecutes companies, agents and brokers engaging in unfair trade practices. Consumers with insurance or securities-related questions or complaints may contact the IID toll free at 877-955-1212 or visit the Division on the web at www.iid.state.ia.us.