Maryland Health Insurance Exchange

* Maryland WILL have a state insurance exchange.
* There WILL be expanded Medicaid in Maryland.

The New Maryland Health Connection Exchange

Starting October 1, 2013 people in Maryland will be able to shop for health insurance on their own exchange as intended by the Affordable Care Act. The state was one of the first to have their new exchange approved by the federal government. Both individuals and small businesses will be able to find health coverage for 2014 through the website which is called the Maryland Health Connection.

In July 2013, these insurance carriers have been approved to offer health plans to individuals living in Maryland: All Savers Insurance Company; CareFirst BlueChoice Inc.; CareFirst of Maryland Inc.; Coventry Health and Life Insurance Company; Coventry Health Care of Delaware; Evergreen Health Cooperative Inc.; Group Hospitalization and Medical Services Inc.; and Kaiser Foundation Health Plan of the Mid-Atlantic States Inc.

Aetna Inc. was approved to offer insurance but they have pulled out citing they need to charge higher costs than the state wanted.

President Obama’s ACA has been challenged by many states and mostly survived by a vote in the Supreme Court. Maryland didn’t wait for that outcome like many states did and went ahead creating their marketplace. Anyone without health insurance coverage in 2014 can be penalized by the IRS as it becomes law that everyone who is 18 and older much have health insurance in America.


Maryland Gets Medicaid Expansion

Not surprisingly, Maryland Governor Martin O’Malley is strongly in favor of the Affordable Care Act and also a supporter of expanded Medicaid. Thus Maryland is one of the states that will get the expansion in the effort to get more people health insurance coverage. The Maryland Health Progress Act has been green-lighted by both the state House and Senate and it is that piece of legislation that will clear the way for the expansion.

Maryland will get a large chunk of the increased Medicaid costs from the United States government in the early years but will be responsible for a greater portion after the 3 year mark. Maryland will pay for some of the costs by instituting a 2% tax on plans in the new exchange.