Form and Rate Filing Guidance For Individual, Small Group, and Stand-Alone Dental Plans in Mississippi

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# MISSISSIPPI INSURANCE DEPARTMENT

MIKE CHANEY

Commissioner of Insurance

State Fire Marshal

J. MARK HAIRE

Deputy Commissioner of Insurance

501 N. WEST STREET, SUITE 1001

WOOLFOLK BUILDING

JACKSON, MISSISSIPPI 39201

www.mid.ms.gov

MAILING ADDRESS

Post Office Box 79

Jackson, Mississippi 39205-0079

TELEPHONE: (601) 359-3569

FAX: (601) 359-2474

WATS: 1-800-562-2957 (Incoming-USA)

# MISSISSIPPI INSURANCE

# DEPARTMENT BULLETIN 2022-2

TO: ALL ISSUERS OF SINGLE RISK POOL INDIVIDUAL AND SMALL GROUP HEALTH INSURANCE PRODUCTS AND STAND-ALONE DENTAL PLANS IN MISSISSIPPI

FROM: MIKE CHANEY

COMMISSIONER OF INSURANCE

DATE: March 30, 2022

SUBJECT: FORM AND RATE FILING GUIDANCE FOR INDIVIDUAL, SMALL GROUP, AND STAND-ALONE DENTAL PLANS IN MISSISSIPPI

# I. Purpose

This bulletin provides further guidance for filers of individual, small group, and stand-alone dental plans (SADP) offered inside and/or outside of, the Federally-Facilitated Marketplace (FFM), that wish to issue or renew plans in Plan Year 2023.

# II. 2023 Plan Year Filing Deadlines

In accordance with the United States Department of Health and Human Services (HHS) Timing and Submission and Posting of Rate Filing Justifications for 2023 Filing Year for Single Risk Pool Coverage, Issuers in a State with an Effective Rate Review Program must submit proposed rate filings for single risk pool coverage (both QHPs and non-QHPs) by a date set by the State, as long as the date is not later than July 20, 2022.

# III. Filing Process

Plan and rate filings for applicable products should be made via the System for Electronic Rate and Form Filing (SERFF), with form filings submitted no later than May 18, 2022, and

ctive Rate Review Program must submit proposed rate filings for single risk pool coverage (both QHPs and non-QHPs) by a date set by the State, as long as the date is not later than July 20, 2022.

# III. Filing Process

Plan and rate filings for applicable products should be made via the System for Electronic Rate and Form Filing (SERFF), with form filings submitted no later than May 18, 2022, and

rate filings no later than July 1, 2022. Rate filings are expected to comply with the submission requirements outline in MID Bulletin 2011-7. Issuers seeking to offer Qualified Health Plans (QHPs) through the FFM must also follow the QHP certification process outlined in the 2022 HHS Letter to Issuers and related guidance. In accordance with these rules, QHP applications must be submitted to the Centers for Medicare & Medicaid Services (CMS) via the Health Insurance Oversight System (HIOS) by June 15, 2022.

Please note that companies are encouraged to submit their filings with the Mississippi Insurance Department (MID) in advance of the dates outlined in this Bulletin. Companies that wait until the deadlines need to understand their filings could fall into a compressed review timeline. Many times during MID's review, companies are asked to respond to questions as well as provide additional information. If the companies are not able to provide the additional information in a timely manner, they run the risk of MID's review of their filing not being complete before the HIOS deadline of July 20, 2022.

Please direct any questions to the Life and Health Actuarial Division at 601-359-2012.

Issued this, the 30th day of March, 2022.

Commissioner Mike Chaney