MRMIB Receives Approval to Lower PCIP Premiums
|August 2, 2011||Posted by Ashley Cohen under Blog||
MRMIB just announced that they received federal approval to lower premiums for subscribers of California’s pre-existing condition insurance plan (PCIP). Monthly subscriber premiums will be reduced by an average of 18% across all age groups (between 8.2% to 24.3%, depending on age and geographic region). New rates take effect October 1. Subscribers enrolled this month and next will either receive credits they can use for future invoices or refunds (if they are no longer enrolled by October 1).
Cliff Allenby, MRMIB’s Board chairman stated, “We believed premium cost was a barrier to access for some Californians. Now the barrier has been eased. We want to make sure that everyone who qualifies for this program has access to its benefits and is not deterred by price.”