Important Documents

Meeting Two Presentation

Meeting Three Presentation

Meeting Four Presentation

Meeting Five Presentation

Meeting Six Presentation

Meeting Seven Presentation

Upcoming Meeting Dates

October 8th @ 1:00 -2:30pm

October 29th @ 9:30 -11:00am

November 20th @ 9:30 -11:00am

December 11th @ 9:30 -11:00am

January 15th @ 9:30 -11:00am

January 22nd @ 9:30 -11:00am

Small Business Insurance Group

Mission Statement

As health care costs increase, the ability of Rhode Island small businesses (2-50 group size) to provide group coverage is impacted and fewer small groups participate in the small group risk pool.

Since 2010, the number of lives in the Small Group Market has decreased by 44%, and many small groups seek affordable insurance options.

The Small Business Insurance Group (SBIG) on Market Stability will investigate the origins and nature of these issues, reviewing Rhode Island’s Small Group Market as well as market stabilizing strategies from other states.

Based off this analysis, the SBIG may consider recommendations to improve Rhode Island’s Small Group Market, whether legislatively or otherwise.

Goals

Identify and propose sensible, state based policy options for RI that will be in service to those Principles.

Next Meeting:

TBD

 

SBIG Meeting Minutes & Agendas

Meeting One - September 25, 2019

Agenda

Minutes

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Meeting Two - October 8, 2019

Agenda

Minutes

Meeting Three - October 29, 2019

Agenda

Minutes

Meeting Four - November 20, 2019

Agenda

Minutes

Meeting Five - December 11, 2019

Agenda

Minutes

Meeting Six - January 15, 2020

Agenda

Minutes

Meeting Seven - January 8, 2020

Agenda

Minutes

 

Guiding Principles

1. Maintain market options that are attractive to small group market participants (businesses, carriers and employees);

2. Keep costs stable and affordable by addressing cost drivers and balanced risk pools;

3. Maximize the value of insurance coverage for all small businesses.