OHIC reducing small-business rates for suspended health insurance tax in Q4

Updated at 11:20 a.m.

HEALTH INSURANCE COMMISSIONER Marie L. Ganim announced that she has instructed insurers to refile lower rates on group plans renewing in the fourth quarter of 2018 to reflect the recent suspension of the federal health insurance tax. / PBN FILE PHOTO/RUPERT WHITELEY
HEALTH INSURANCE COMMISSIONER Marie L. Ganim announced that she has instructed insurers to refile lower rates on group plans renewing in the fourth quarter of 2018 to reflect the recent suspension of the federal health insurance tax. / PBN FILE PHOTO/RUPERT WHITELEY
Correction: A previous version of this story mischaracterized estimated savings for businesses due to the suspension of a federal health insurance tax that had been passed through to small businesses purchasing insurance through their premiums. The reassessment will reduce 2018 insurance costs for 1,800 small businesses renewing in the fourth quarter of the year by an average…

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