Last week we announced that the Commonwealth of Pennsylvania selected GetInsured to implement and operate the new State-Based Exchange which will go live in the Fall of 2020 for Open Enrollment 2021. Pennsylvania made the selection after going through a competitive procurement process. The state took into account GetInsured’s extensive experience in transitioning states off of healthcare.gov. The Company’s launch of Idaho’s marketplace was reported as “flawless” by The Spokesman-Review. Nevada was successfully moved off of the Federally Facilitated Marketplace (FFM), which launched alongside of Minnesota’s MNsure, without a disruption in service in either state.
The work on the Pennsylvania Health Insurance Exchange (PHIEA) implementation starts immediately, given the state’s tight timeline. The company has a team, local partners, and a detailed plan on how to deliver the solution both on time and on budget all in place and ready to go.
With this transition, Pennsylvania projects it will save about half of the user fees carriers pay to the FFM today. The Commonwealth is planning on reinvesting these savings into a reinsurance program, driving down premiums an estimated 5-10% for the State’s 360,000 enrollees.
To learn more about State-Based Exchanges visit our State-Based Exchange Resource Page.