Virginia looking to expand Obamacare benefits - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 3, 2023 Newswires
Share
Share
Post
Email

Virginia looking to expand Obamacare benefits

Richmond Times-Dispatch (VA)

Virginia's version of the essential benefits covered by Obamacare individual and small group health insurance would expand under two proposals by the State Corporation Commission.

One measure expands coverage for prosthetic devices, such as artificial limbs, when they are controlled by microprocessors, electric signals generated by a person's muscles or biomechanical methods.

The other would add coverage of special oral and enteral medical formulas for people with an inherited metabolic disorders, even when those formulas are not considered a primary source of nutrition supplying more than 51% of calories needed. That 51% test is the current standard.

The SCC had estimated the cost of expanded access to the formulas at 11 cents a month for each covered person in a health plan, while the consulting actuary hired by the commission calculated the benefit to people enrolled in health plans at 14 cents per person per month.

For access to the costlier prosthetics, the SCC had estimated a cost of 18 cents per person per month while the actuary calculated the benefit as 23 cents per person per month.

The state needs to ask for approval for any changes to its essential health benefits from the federal Centers for Medicare & Medicaid Services, with the application due by May 3.

If approved, the changes would take effect in 2025.

The current essential benefits list covers 54 services, from hospital stays to doctors' office visits to transplants to dental care for children. It does not pick up some options that some insurers may offer, such as weight loss programs, hearing aids, or routine dental care and eye exams for adults.

The essential benefits are required for what are called fully insured plans -- that is, plans insurers sell to individuals or small groups.

Many employers' plans, however, are self-insured and so are not subject to most of the essential benefit requirements, although typically, these plans offer more generous benefits.

The most generous employer plan in Virginia, for federal employees, provides benefits worth $3.04 per covered person per month more than the proposed expansion of Virginia's essential benefits would, according to the actuary's analysis.

Under the Affordable Care Act - Obamacare - health insurers' plans must cover emergency services, hospital care, outpatient care, maternity and newborn care, mental health and substance abuse treatment, prescription drugs, rehabilitation services, laboratory fees, preventive and chronic disease care and pediatric care.

Older

Pa. faces a shortage of benefits workers as health coverage for thousands is on the line

Newer

Sen. Rosen Introduces Safe Step Act

Advisor News

  • How can more Americans achieve financial independence?
  • Savers vs. spenders: How money management attitudes impact financial confidence
  • Demonstrating the value of life insurance to Gen Z
  • Poor money habits are a dealbreaker in a new relationship
  • DC plan sponsors see opportunity in alternatives
More Advisor News

Annuity News

  • The next growth phase in life/annuities depends on modernization
  • CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
  • KBRA Assigns Rating to TruSpire Retirement Insurance Company
More Annuity News

Health/Employee Benefits News

  • Senators press healthcare insurers over denials Senators press UnitedHealthcare and other Medicare Advantage giants over payment denials
  • Scott’s Executive Order on Health Insurance – Julie Wasserman
  • 'Pray nothing major happens'
  • Wyoming families are facing an impossible choice: Pay for health insurance or pay the bills
  • Doctors 'Cringe' At Possibility Of Documenting Which Medicaid Enrollees Too Sick To Work
More Health/Employee Benefits News

Life Insurance News

  • Horace Mann Strengthens Customer Relationships and Accelerates Long-Term Growth Through Transactions with Medical Mutual of Ohio
  • Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
  • Allianz Life Study Finds Americans Struggle to Shift From Retirement Saving to Spending
  • The next growth phase in life/annuities depends on modernization
  • How can more Americans achieve financial independence?
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet