Section 1332 Waiver

On July 30, 2018, the Departments, having completed a review of Maine’s application, approved Maine’s State Innovation Waiver under section 1332 of the ACA. This approval is effective from January 1, 2019, through December 31, 2023. MGARA received approval from the U.S. Department of Health and Human Services and the U.S. Department of the Treasury by letter dated 7/15/22 that authorized the extension of the MGARA reinsurance program to a merged individual and small group market for plan years 2023 – 2027, as well as quarterly adjustments for small group plans that do not renew on a calendar year basis.