On June 16, 2020, Kentucky Governor Andy Beshear filed a letter of intent to launch a state-based health insurance exchange. The exchange is expected to be able to accept enrollments in fall 2021 for the 2022 plan year.
Between 2010 and 2017, the state operated Kynect, a state-based health insurance exchange for people without employer-sponsored health insurance to find individual plans or sign up for Medicaid. In 2017, former Governor Matt Bevin dismantled Kynect and moved it to the federal healthcare.gov platform. The cost to revive Kynet is estimated to be $5 million plus operating costs, which is lower than the $10 million per year the state now pays to utilize the federal Healthcare.gov Exchange.
The function of the Kentucky Health Benefit Exchange is to oversee the Commonwealth’s implementation of the Affordable Care Act. Through the Exchange, individuals in Kentucky can be connected to HealthCare.gov to shop for health insurance, compare costs and plans, and apply for premium subsidies and tax credits. Individuals can also determine their eligibility for Medicaid and the Kentucky Children’s Health Insurance Program.
This was reported by Public News Service on July 29, 2020.
Contact information: Kentucky Health Benefit Exchange, Office of Health Data and Analytics, 275 East Main Street, 4-WE, Frankfort, Kentucky 40602; 502-564-7940; Email: KHBE.Questions@ky.gov; Website: https://healthbenefitexchange.ky.gov/Pages/index.aspx