A 20- 52% hike in insurance coverage avoided for young enrollees - MSNewsNow.com - Jackson, MS

A 20- 52% hike in insurance coverage avoided for young enrollees

Source: WLBT Source: WLBT
JACKSON, MS (Mississippi News Now) -

Mississippians are bracing for the next round when it comes to their health insurance coverage. 

According to the Mississippi Insurance Commissioner premiums could skyrocket up to 52% depending on the age of your child.

Beyond the scope of affordable for many Mmississippi families.

Mississippians are bracing for the next round when it comes to their health insurance coverage. 

This directly impacts vital  Health care costs for your newborns all the way up to the age of 21.  
 Insurance to cover doctor and dental visits to immunizations whatever they need when they are sick or hurt.
 January 1 of 2018 , young enrollees  premiums were set to skyrocket. 
Up to a 52.8 % increase for a 20 year old.  Insurance commissioner Mike Chaney said that was not acceptable. 

 "The kids from zero to 21 years of age would be facing double digit rate increases and it's hard enough to get a child covered with insurance today," according to Chaney.

So what was the answer that could possibly change this burden on families. A federal waiver."

 "We have saved the state money, we have saved families money and we have saved dollars for anyone like grandparents that may be paying insurance for a child. this is significant? Very significant," said the Commissioner.

Permission was quickly approved for the waiver from the Centers for Medicare and Medicaid Services (CMS) 
Chaney said a major disruptive impact on premium rates has been avoided.

"It's hard enough to get a child covered with insurance today an this would affect all  the children on the CHIPS program." The Commissioner also said the action will help maintain a more stable health insurance market for Mississippians.

Anyone with questions regarding the federal uniform age curve may call the Life and Health Actuarial Division of the Mississippi Insurance Department at 601-359-2012.

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