Officials hope new insurance plan can lower healthcare costs

DOVER, Del. –  Healthcare costs in Delaware could soon be trending down with the potential institution of a new reinsurance plan.

A 30-day public input period is underway to gather feedback for the 1332 State Innovation Waiver.

In short, this reinsurance tax would kick in for high-cost procedures to help Delawareans with costs after insurance. The money for this comes from a tax in the ACA, which states no longer have to pay.

This would apply to people who make four-times the poverty level, but we’re told this can help to reduce premiums across the state by about 20 percent.

“When rates have been going up over time, over years, in some cases 35-percent two years ago, this is a good thing for Delaware. And we’re hoping it will bring more people back into the market,” said insurance commissioner Trinidad Navarro.

If implemented, this would take effect in January 2020. You can make your voice heard on this by going to the department’s website, or by calling 302-674-7300.

Categories: Delaware, Local News