The Indiana Department of Insurance (IDOI) has been awarded $1 million by the U.S. Department of Health and Human Services to review and monitor health insurance premium increases.
“Currently, we are gathering stakeholder input on how we can improve transparency and accessibility of information on the website,” explained Robyn Crosson, IDOI’s chief deputy commissioner. “The grant will help improve our processes and expand to more detailed review in small and large groups. We also have allowed for money to study infrastructure for the claims database-health information technology.”
Indiana will use the funding to:
- Improve the current review process by engaging actuarial support
- Develop a website that will provide complete rate and high level filing summaries, and allow consumers to post comments on proposed rate increases
- Upgrade technology systems to improve efficiency and streamline data sharing
“We have already begun implementing changes in our technology,” noted Crosson.
“This grant gives us the tools to improve transparency and protect all stakeholders.”
The grant was made available through the Affordable Care Act, which provides states with $250 million in grants over five years to help review proposed health insurance premium rate increases. The first awards totaled $46 million.
Find out how each state will use its grant funding at healthcare.gov.