Premera to reimburse Alaska state insurance program $25M

FAIRBANKS, Alaska (AP) – Alaska’s lone individual insurance carrier has reached an agreement with the state Division of Insurance to make a one-time $25 million reimbursement.

The Fairbanks Daily News-Miner reports that Premera Blue Cross Blue Shield of Alaska announced on Friday that its reimbursement will go toward funding high-cost health insurance claims through the Alaska Reinsurance Program.

The state-operated reinsurance program aims to stabilize customers’ premiums by covering claims in the individual health care market for those with one or more of the 33 previously identified higher-cost conditions.

Premera said it offered to make the reimbursement after finding that health insurance claims filed by Alaska customers during 2017 were nearing the lowest in a decade.

The agreement calls for Premera’s funds to be used “solely for health insurance claims in the individual market.”

The post Premera to reimburse Alaska state insurance program $25M appeared first on Newstalk 750 – 103.7 KFQD.

SHARE

RELATED CONTENT

BLM approves oil field in National Petroleum Reserve-Alaska Candidates for Alaska governor outline public safety plans Fairbanks commission calls for more sustainable practices Washington state man arrested in Alaska fatal stabbing Taxi cab driver killed in Anchorage crash Treasury secretary stops in Alaska for gas project briefing
Comments