Public comment opens in Pa. for proposed insurance rate hikes
Insurers selling in the individual market requested an average 19% increase on premiums. Those selling insurance in the small group market — plans offered through employers with 50 or fewer workers — seek an average increase of 13%.
According to the
Last year, the average increase was 6% for individuals and 7.6% in the small group market.
"This year, even more than previous years, Pennsylvanians should consider shopping around to find the best plans to meet their individual needs, at a price that makes sense for their current financial situation," Pennsylvania Insurance Commissioner
"
The range of the proposed increases differs, including by region.
On the low end in the individual market is
In the small group market, the lowest requested increase is from UPMC Health Benefits at 6.5%; the high is 22.5%, Highmark Care Benefits, which is transitioning from a previous plan,
Just one insurer requested a decreased rate.
Public comment is considered as part of the review process. Comments are open and filings will be accepted through
Proposed average rate changes in the individual market are below. Please visit the
Geisinger Quality Options: 16.2% (rating areas 2,3,5,6,7 and 9);
Oscar Health Plan of PA: 22% (rating Areas 3, 6, 7 and 8);
Average rate changes proposed in the small group market are as follows:
Geisinger Quality Options: 12.5% (rating areas 2, 3, 5, 6, 7, and 9);
Highmark Care Benefits: 22.5% (rating area 3);
Highmark Coverage Advantage: 17% (rating areas 1, 2, 4, 5, and 6);
UnitedHealthcare of PA: 20% (rating areas 1, 2, 3, 4, 5, 6, 7, 8, and 9);
UPMC Health Benefits: 6.5% (rating areas 1 and 5);


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