Iowa Insurance Commissioner Nick Gerhart submitted documents Friday federal to Health & Human Services Secretary Kathleen Sebelius, as required, for the implementation of a state/federal partnership health insurance exchange in Iowa.
The exchange blueprint spells out that Iowa will continue to regulate insurance plans and that the state will retain the function of the plan management in a state/federal partnership exchange. Under the arrangement, the Iowa Insurance Division will retain oversight of companies participating in the exchange and the qualified health plans they offer within the division’s jurisdiction and authority.
The state also reserves the determination of Medicaid and CHIP program eligibility and plan management functions under the partnership exchange, according to Gerhart.
The next step in the process is for the federal HHS agency to make a determination regarding the acceptance of Iowa’s plan.
“We’re glad to keep this moving forward,” Gerhart said in a statement. “There are many things not yet known about how the exchange will impact the Iowa market, but the federal law makes it clear an exchange will be implemented in Iowa by Jan. 1, 2014.
“With this submission, we have met the requirement to use the partnership model that keeps some control of the exchange in the hands of the state,” he added.
The Iowa Blueprint Package can be viewed on the Iowa Insurance Division’s website www.iid.state.ia.us.