The federal program in Florida was launched last fall and had 770 enrollees as of March 31, 2011. Florida is one of seven states expected to see premiums fall by 40%. That will mean beginning July 1 an enrollee aged 55 or older will pay $376 per month for insurance versus $626 before the reduction
Alabama, Arizona, Delaware, Florida, Kentucky and Virginia will also see a 40 percent drop in premiums. In other states, premium reductions will range from 2.1 percent in Mississippi to 38.3 percent in Minnesota.
Ashford is not sure how paying agents and brokers will affect PCIP enrollment. "It probably will depend on the payment and we don't know how that will be calculated."
"The Pre-Existing Condition Insurance Plan changes lives, and in many cases, literally saves lives," said HHS Secretary Kathleen Sebelius. "These changes will decrease costs and help insure more Americans." This chart details the state changes.