NAHU Calls for Immediate Action to Preserve Individual Market
NAHU Calls for Immediate Action to Preserve Individual MarketFebruary 24, 2017
Ken Ruotolo, Chief Operating Officer
In a hearing before the Senate Health, Education, Labor and Pensions committee on February 1, Janet Trautwein, CEO of the National Association of Health Underwriters (NAHU) testified (view video) that immediate action is needed to stabilize the individual market. This message was repeated by representatives of the 100,000-member association as they met with Senators, Representatives and their staffs during the week of February 13.
NAHU urges lawmakers to take steps to assure that consumers in the individual market find an array of choices for coverage and to preserve and improve affordability. There is concern that enrollment practices have undermined the integrity of the market and led to adverse selection that in turn have restricted choice and raised premiums.
While individual markets provide coverage to only 6% of those covered, the stability of this market is seen as important and instability in IFP may affect small group markets. NAHU recommends that to stabilize the IFP market eligibility rules be updated immediately.
NAHU calls for:
- limiting open enrollment periods,
- shortening premium payment grace periods from 90 days to 30, and
- tightening Special Enrollment Period (SEP) qualification.
Some of these positions are found in the Centers for Medicare and Medicaid Services (CMS) proposal released on February 15.
Contact the small group experts at 800.696.4543 or firstname.lastname@example.org.