Maine health insurance News

Aetna to Offer Individual Plans in Maine’s Health Exchanges

Aetna plans to offer individual plans in part of Maine on the Affordable Care Act’s health exchanges, bringing more competition to the market. A filing with the state indicates Aetna will join Community Health Options, Harvard Pilgrim and Anthem Blue …

Maine Insurers Request Double-Digit Rate Hikes Under Health Care Law

Insurers are seeking double-digit premium increases in the coming year for tens of thousands of Mainers who receive insurance through President Barack Obama’s health care law. Proposals filed with the Maine Bureau of Insurance would raise individual plan premiums between …

New Hampshire, Maine Monitoring Struggling Health Insurance Co-Op

New Hampshire insurance regulators are working with their counterparts in Maine to monitor a financially struggling health insurance cooperative that serves both states. Community Health Options, based in Lewiston, Maine, was the only cooperative in the country to make money …

Maine’s Nonprofit Health Insurer Sets Aside $43M to Cover Potential Losses

The lone health insurance cooperative to make money in 2014 on the Affordable Care Act’s public insurance exchanges saw big losses in 2015 and is now setting aside $43 million to cover possible big losses this year. Officials with the …

Maine Obtained $1.5M in Recoveries for Consumers, Businesses in 2015

Cases filed with the Maine Bureau of Insurance in 2015 resulted in nearly $1.5 million in recovered funds for Maine residents, according to Maine Insurance Superintendent Eric Cioppa. More than $1.2 million was recovered by the Bureau’s Consumer Health Care …

Once Profitable, Maine’s Community Health Option Is Now Losing Millions

The lone health insurance cooperative to make money last year on the Affordable Care Act’s public insurance exchanges is now losing millions and suspending individual enrollment for 2016. Maine’s Community Health Options lost more than $17 million in the first …

Supreme Court Rejects Maine’s Obamacare Challenge

The U.S. Supreme Court rejected a bid by Maine to escape one requirement of Obamacare, as the justices prepare to rule on a more far-reaching challenge that might unravel the health-care law. The justices Monday left intact a federal appeals …

20K Maine Residents to Get Health Insurance Premium Rebates

Nearly 20,000 Maine customers of health insurer Aetna are getting premium rebates because a provision in the Affordable Care Act limits what insurance companies can spend on administrative costs. The rebates for 2013 service, totaling more than $1.8 million, will …