Proposed 2018 health insurance premiums to increase from 6 to 81 percent
The department reviews insurance carriers' proposals to determine if rates are "unreasonable," according to a statement Monday.
In past years, the department has successfully negotiated lower increases with carriers to avoid labeling them "unreasonable."
Final rates will be publicly available by mid-September or early October.
"I am deeply disappointed and frustrated to share these rates," department director
The department encourages consumers to carefully review options with a licensed insurance agent -- whether purchasing insurance via the health insurance exchange Your Health Idaho or on their own.
In particular, proposed increases to silver level plans on the exchange are significantly higher this year, the department said.
That's due to the "potential refusal by the federal government to fund the Cost Share Reduction (CSR) mechanism," according to the statement. "The CSR requires insurance carriers selling plans through Your Health Idaho to lower deductibles and out-of-pocket maximums on Silver plans for enrollees who earn below 250% of the federal poverty level."
For 2018, carrier participation across
Here are preliminary 2018 average rate increases:
Statewide: 38 percent overall Bronze -- 21 percent
Silver -- 50 percent
Gold -- 18 percent
Silver -- 40 percent
Gold -- 12 percent
Mountain Health CO-OP: 25 percent overall Bronze -- 8 percent
Silver -- 29 percent
Gold -- 6 percent
Silver -- 81 percent
Gold -- 15 percent
Silver -- 51 percent
Gold -- N/A
Silver -- 69 percent
Gold -- 25 percent
Comments, questions or ideas can be submitted electronically or mailed to: 2018 Rate Comments,
For questions, contact the
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