Impact of eliminating Cost Share Reduction (CSR) payments for Affordable Care Act coverage
Despite the recent executive order to eliminate cost share reduction (CSR) payments, premium subsidies (advance premium tax credits) are not impacted by the change and will remain in place for 2017 and 2018. CSRs are not related to members’ premium subsidies. You can verify your eligibility and subsidy level online at HealthCare.gov or by phone at 800-318-2596.
Current premium rates and benefits will also remain unchanged following the elimination of CSR funding. Premium rates and benefits will remain the same for the remainder of 2017.
In addition, for the 2018 Health Plan Marketplace, Geisinger Health Plan’s premium rates and benefits filed for 2018 will not change. The Pennsylvania Insurance Department anticipated the potential elimination of CSR funding and asked all Pennsylvania health plans to factor in this change when calculating the premium rates and benefits. Therefore, both the premium rates and benefits filed previously and scheduled for release November 1 will be in effect and unchanged for all of 2018.
Geisinger Health Plan members with coverage through the Marketplace will receive information about our 2018 plan benefits and premium rates by November 1. We are advising members to shop and compare to make sure they have the best plan for their needs in 2018.
We will continue to work with state and federal legislators as the healthcare landscape changes. We remain committed to our members and the high-quality care and service they need and deserve.