The bankrupt TSHBP is attempting to collect millions from member Texas school districts to pay for uninsured losses for plan year 2024-2024.
Continue reading TSHBP Member Districts Hit With $18,519,802.78 Funding Deficit
ICHRA’s – The Power of Risk Pooling
“The Affordable Care Act (ACA) requires that insurers use a single risk pool when developing premiums. The single risk pool incudes all ACA-compliant plans inside and outside of the marketplace/exchange within a state. In other words, insurers must pool all of their individual market enrollees together when setting the prices for their products. This means that the costs of the unhealthy enrollees are spread across all enrollees.” – American Academy of Actuaries
Continue reading Risk Pooling: How Health Insurance in the Individual Market Works