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| South Dakota 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:
- A federal Exchange Planning grant of $1 million was given to the South Dakota Office of the Governor.
- The Division of Insurance was award a Level One Establishment grant of $5.9 million to further the state’s planning and design of an exchange, including creation of a risk adjustment and reinsurance plan, studying the effects of adverse selection, designing an outreach and education plan, and writing an RFP for a comprehensive IT development plan, in May 2012.
Benchmark Plan:
· Small Group Plan
· EHB Benchmark Plan: Wellmark Blue Cross Blue Shield Select
Additional Information:
- The state intends to maintain its regulatory role over its insurance industry.
- South Dakota has passed a law prohibiting plans in the exchange from covering abortion except in cases of rape, incest, or endangerment of the mother's life.
For More Information:
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