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| Indiana State Insurance Exchange |
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Summary:
Current Status in Establishing Exchange:
State will default to federally-run exchange.
Decision Process:
Executive Order.
Exchange Funding:
- Indiana was one of the first three states to be awarded a federal Level One Establishment grant in May 2011. $6.9 million was given the Indiana Department of Insurance and Family and Social Services Administration, to update their information technology systems, develop a financial management plan, and acquire legal, actuarial, and financial expertise.
- In September 2010 the Indiana Family and Social Services Administration was given a federal Exchange Planning grant of $1 million.
Benchmark Plan:
- Since Indiana has not determined a benchmark EHB plan, the state will default to the largest small-group plan.
Additional Information:
- The federal government will assume responsibility for running the exchange in 2014.
For More Information:
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