Wellmark requests an average 8.1 percent increases in non-ACA plans
Grandfathered plans are those that predate the Affordable Care Act's passage in 2010 and are allowed to exist under a provision of the law.
As of April of this year, the
According to the Iowa Insurance Division, there were 37,088 grandfathered plans in
Final rates are subject to approval from the state insurance division. ACA open enrollment begins
According to a news release from the Iowa Insurance Division, both
However,
Last year,
"It is a positive that we expect two carriers to be offering coverage throughout
In other rate requests,
"It is projected that there will be 3,379 covered lives impacted by the rate change," the Golden Rule filings stated.
According to the
Both rate increases would go into effect
The Iowa Insurance Division will hold a hearing regarding these rate increases at
Earlier this month, the Trump administration, through the
These association health plans do not have to follow the same regulations set on individual policies by the ACA -- a change in the market that the insurance commission is reviewing, said Ommen in the news release.
"While we review recent actions by the federal government regarding association health plans, what we do know is that middle-class Iowans cannot be left with a choice of coverage they can't afford or going uninsured," Ommen said.
"Entrepreneurs, farmers and early retirees relying on this market deserve and need to have a functioning individual health insurance market."
However, Ommen was positive about the landscape for the 2019 insurance market, given recent legislative actions creating the
"At least for 2019, it appears Iowans will have some additional options," Ommen said.
l Comments: (319) 368-8536; [email protected]
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