On Sep. 12, MD INS informed on exemption from benefit exchange.
MD INS issued Bulletin 24-23 to provide guidance to carriers regarding required filings for an exemption from participation in the Maryland health benefit exchange in 2025.
Carrier Exemption
If carrier requesting exemption based on aggregate annual premium, exemption shall be based on earned premium data for year 2 years before requested exemption year.
Exemptions from participation in individual exchange in 2025 will be based on calendar year 2023 total aggregate earned premium from all individual health benefit plans.
Carriers requesting exemptions from participation in the SHOP Exchange, Individual Exchange, or both for 2025 are required to file written requests to the Commissioner.
Requests must be signed by an individual with the authority to bind the carrier.
If exemption request is based on aggregate annual premium, exemption request is required to specify the applicable total aggregate 2023 earned premium for carrier.
If applicable, all carriers in the same holding company system for applicable market.
Exemption Deadline
Exemption requests based on aggregate annual premium are due on or before Dec. 15, 2024; requests based on student health plans are due on or before Feb. 1, 2025.
