Low-Cost Health Insurance for Adults May End
The Special Care program, begun in 1992, offers monthly premiums for low income adults and families with a speed of at least several times the average adult basic $ 36 monthly premium. Actually what the Blues would do is allow the 40,000 to 45,000 people in adult basic to transfer to the people for whom special care out of reach and it is no substitute for adult basic, so they’re just telling people about a program already and that they can not afford.
The bald health insurance does not cover dental care or prescription drugs, and is offered with low-income adults who are too much money to qualify for Medicaid, and are too young to qualify for Medicare. Adult Basic was $ 164,000,000 in expenses this fiscal year, but funding fell about 55 million U.S. dollars short.
In a letter to Rendell told lawmakers Tuesday that “no financial or moral reason” that the Blues’ commitment to help fund adult basic must have expired. Their collective surplus stood at more than $ 6 billion at Sept. 30, according to the State Insurance Department. In this fact, it is funded by proceeds from the 1998 state settlement with major cigarette manufacturers and the Blues health plans.