A Letter from the PresidentBaker Administration Obtains Small Biz ACA Health Insurance FlexibilityDear RAM Member, Finally, some good news on the small business health insurance front. Through the good work of the Baker Administration, the state has obtained from the federal government some small business rate flexibility, which will once again allow the state’s non-profit small business purchasing cooperatives to offer enhanced upfront discounts to their members beginning January 1, 2020. The largest cooperative in the Commonwealth is the Retailers Association of Massachusetts Health Insurance Cooperative (RAMHIC). As many RAM members are aware, for more than a decade your association has been the leading voice calling for health insurance premium fairness for small businesses and their employees in the Commonwealth. Due to complexity of health insurance laws--made worse by often conflicting requirements under federal and state regulation—employees of small businesses in Massachusetts have the second highest premiums in the nation. Yet curiously, individuals have among the lowest premiums in the US, despite the fact we live in a very high cost state.
Pending final state approval, beginning in January our upfront discount for plans offered by both Blue Cross Blue Shield of MA and Fallon Health will return to 3%. This discount will be offered on top of the additional choices, benefits and product enhancements RAMHIC already makes available to our members. Like our industry leading small business workers compensation group, we know that by working together to become better healthcare consumers and advocates, we can collectively level the playing field with big business and big government insurance options; and achieve greater savings and better coverage in the years ahead. Watch for more specific details on the offerings from RAMHIC this fall. In the meantime feel free to contact the RAM staff for more information. Sincerely, Jon B. Hurst, President |