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SD officials assert state’s exchange will have affordable health plans

As South Dakota prepares to open enrollment for its healthcare exchange, government officials have declared group plans sold through the virtual marketplace will be more affordable than previously reported.

According to the Argus Leader, a Sioux Falls news source, a recent study highlighted growing concerns over South Dakota’s individual health insurance rates. The Government Accountability Office examined health plans filed with the federal government’s Plan Finder and found rates in South Dakota were double that of its neighbor, Minnesota.

However, the Argus Leader reported experts in the state’s health insurance market asserted the survey was misleading as employee needs vary from state to state. According to the newspaper, differing health and lifestyle habits may be affecting South Dakota’s health insurance pricing. 

According to The Associated Press, South Dakota officials reported the state still does not know how many people will enroll in the healthcare exchange come Oct. 1. While the state may be able to identify how many people are uninsured, the number of private and public workers who will enter the exchange is still unknown and it may be too soon to tell how the state’s rates will compare to others’.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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