AUGUSTA, Maine (AP) — With two months to go before the enrollment opens on the health care exchange, Mainers are getting an early look into the new insurance rates and other changes coming under the federal health care law.
Maine's Bureau of Insurance on Wednesday released hundreds of documents they submitted to the federal government on the two companies offering coverage on Maine's exchange, part of the federal health care overhaul.
Wednesday was the deadline for the state to approve the companies' plans and report to the federal government, who now has to give its stamp of approval.
One thing that is clear is that many Mainers on the exchange won't face as high of deductibles as they have in the past, said Mitchell Stein of Consumers for Affordable Health Care, who has begun to review the documents. The average deductible has crept up to more than $10,000 a year. The federal health care law puts a cap on out-of-pocket deductibles at $6,350, he said.
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