Division of Insurance Releases Preliminary 2019 Health Insurance Information
2018 Companies Return for 2019
The same seven companies that offered on-exchange, individual plans are returning for 2019 -
"I'm very pleased to see that we kept the same seven companies selling on-exchange plans," said Interim Insurance Commissioner
Smallest Increase in Years
For 2019 individual plans, the average premium increase request is 5.94 percent across all companies and metal levels. In the small group market, the average premium increase request is 7.15 percent. Remember, these are averages across all plans from all companies, across all areas of the state where a company offers plans, for all ages. These averages are not representative of how one individual's premium could change.
Looking closer, the requested average premium increase for individual gold plans is 6.85 percent, and is 12.3 percent for silver plans. For bronze plans, the requested average premium increase is 0.9 percent.
In addition, for the first time in years, an insurance company is requesting a rate decrease for individual market plans for 2019. In fact, both companies under the
"Last year we worked to keep the companies participating in
Challenges Continue
As in past years, challenges continue. Just last week, the Trump administration decided to freeze a key ACA program designed to discourage insurers from favoring healthy people over less healthy ones.
"Decisions at the federal level continue to make life interesting," said Commissioner Conway. "But as we have in the past, we will find a solution to this most recent announcement. To that end, just this morning, I informed the insurance carriers that we will require that they account for their respective risk adjustment receivables or payables as they are reflected in the
The Rate Review Process
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* The Division will release the final approved plans and premiums for 2019 in late summer / early fall, along with summary information and analysis.
Preliminary 2019 Information
The information below on the number of plans and carriers and the requested premium changes for 2019 is preliminary. The information only reflects what the companies have requested, not the final approved plans for 2019. Any requested premium has to be justified by the insurance companies.
For 2019, a total of 16 insurance companies plan to offer 808 individual and small group plans in
* Number of Individual and Small Group Plans for 2019 / Number of
* INDIVIDUAL Medical Plans, Average REQUESTED Premium Change - by Company and by Metal Tier
* SMALL GROUP Medical Plans, Average REQUESTED Premium Change - by Company and by Metal Tier
View Plans / Submit Comments
The plans and requested premiums from the insurance companies, also called filings, are available on the Division's "Health Insurance Plan Filings" web page (click "Search Health Insurance Plan Filings" on that page). Note that these are very technical documents, so be prepared to spend some time on this process. There is a step-by-step video guide (also available as a downloadable print guide) to help you navigate to the filings that interest you, to demonstrate how to find particular information in those filings, and to show you how you can submit comments.
After the Division releases the final, approved plans and premiums for 2019 in late summer / early fall, it will host a public meeting to discuss health insurance for the coming year. The date and location for this forum will be determined later this summer.
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