GA| Bulletin 26-EX-1 announces Georgia OCI’s public notice that the State intends to submit a Section 1332 waiver extension to continue its reinsurance program for an additional five years (Jan 1, 2027–Dec 31, 2031), describes a 15‑day public comment period and a May 7, 2026 public hearing (virtual and in‑person) for the draft application, and outlines proposed 2027 program parameters and expected impacts—including attachment $36,960, cap $500,000, coinsurance Tier 1: 15% / Tier 2: 45% / Tier 3: 70%—with estimated statewide premium reductions of 9.1%, an average annual savings of $923 per member, an annual increase of ~3,182 unsubsidized enrollees, and projected federal premium tax credit savings of $789M–$913M to be passed through to the State to fund the program.
- Quantified impacts and parameters: proposed PY2027 parameters (attachment $36,960; cap $500,000; coinsurance 15/45/70% by tier) and estimated effects—9.1% statewide premium reduction, $923 average annual member savings, +3,182 unsubsidized enrollees annually, and $789M–$913M annual federal savings—claimed to meet 1332 guardrails for coverage, affordability, comprehensiveness, and deficit neutrality.
- Public process: 15‑day comment period (Apr 29–May 13, 2026) and public hearing on May 7, 2026 (virtual/in‑person); comments accepted by email and mail with accommodations available on request.
- Program mechanics and request: continuation of the existing 1332 reinsurance approach that reimburses issuers for high‑cost individual market claims, lowering benchmark premiums and generating federal pass‑through funding to support the program.