MRMIP vs. PCIP Enrollment Demographics
|August 19, 2011||Posted by Ashley Cohen under Blog||
The Managed Risk Medical Insurance Board (MRMIB) held it’s monthly Board meeting on Wednesday, August 17 in Sacramento. They shared enrollment numbers and demographics for both the Pre-Existing Condition Insurance Plan (PCIP) and the Managed Risk Medical Insurance Program (MRMIP) as of July 31, 2011. Both programs target individuals who have been denied health coverage due to a pre-existing condition. MRMIP offers premiums set at 125% of the commercial market for a healthy individual who is the same age and lives in the same area. MRMIP caps annual benefits at $75,000 and lifetime benefits at $750,000. PCIP offers premiums set just below 100% of the commercial market with no annual or lifetime caps. In order to qualify for PCIP, individuals must be uninsured for 6 or more months and present a letter from a medical professional stating the existence of a pre-existing condition. PCIP has been in operation since October 2010. Below is a side-by-side comparison of PCIP and MRMIP enrollment numbers and demographics.
It is interesting to note that PCIP seems to be attracting a slightly younger crowd than MRMIP.