Federal Regulatory Guidance and Actions: Health Insurance Premium Review
This is one in a series of NCSL documents offering assistance to states in interpreting and implementing the Affordable Care Act.
Health Insurance Premium Review
Title I, Subtitle A, Sec. 1003
Establish a process for plan reporting requirements for annual review of premium increases ($250 million in grant funding is available to states over a five-year period to assist rate review activities.) (Effective during the 2010 plan year.)
Guidance and Grant Information - Health and Human Services (HHS)
June 7, 2010
Secretary Sebelius Announces $51 Million in Affordable Care Act Grants to Innovate, Improve, and Enhance Health Insurance Premium Rate Review
HHS Secretary Kathleen Sebelius has announced the availability of $51 million in the first round of Health Insurance Review Grants to states as directed by the Affordable Care Act. The program will ultimately provide a total of $250 million over the next five-year period to assist states in creating and strengthening their insurance rate review processes. All states and the District of Columbia are eligible to receive a grant after submission of a state plan for how the funding will be used to develop or enhance a process of review and approval or disapproval. A state that has successfully applied will receive a $1 million grant during the first round. HHS will take applications for a second round of state grants beginning in fiscal year 2011, after new regulations regarding rate review take effect.
Grant information may be obtained at grants.gov.