Thursday, August 21, 2014

Pa. Health Insurers Request Increases Up To 26 percent on some plans




Pennsylvania insurers have requested rate increases of up to 26 percent for some individual and small-group plans starting Jan. 1, 2015, according to regulatory filings with the Pennsylvania Insurance Department.

Obamacare requires that rate increase requests of 10 percent or more on non-grandfathered individual and small-group plans be posted publicly, and increases at that level must be approved by the PID before being enacted. Pennsylvania’s public notice system does not include requests below 10 percent.


All of the following requests were submitted on July 16 or 18 and are listed as pending, meaning they have not yet obtained approval.

Insurer
Proposed overall rate increase
Plans
Geisinger Health Plan
25.50%
Small-group HMO/POS
Geisinger Health Plan
19.40%
Individual HMO/POS
Geisinger Quality Options
25.50%
Small-group PPO
Geisinger Quality Options
14.80%
Individual PPO
Highmark
13.40%
Individual PPO
Highmark
20.80%
Small group
HM Health Insurance Company
15.00%
Individual
HM Health Insurance Company
26.10%
Small-group PPO
Keystone Health Plan East
14.90%
Individual HMO
Keystone Health Plan West
17.30%
Small group
QCC Insurance Company
14.90%
Individual PPO


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