2018 Health Insurance Rate Requests Released
Kerr: Initial rate requests place Arkansas among lowest in country
LITTLE ROCK – Arkansas Insurance Commissioner Allen Kerr today released the following statement announcing individual health insurance marketplace rate filing requests for plan year 2018:
“This round of initial requests places Arkansas among the lowest in the country as many states are seeing companies ask for increases between 50% to 80%. While these requests remain subject to actuarial analysis and examination, they show that insurers are better serving Arkansas policyholders thanks to a deeper understanding of the state’s health insurance market.”
The initial rate requests for individual on-marketplace qualified health plans (QHPs) for Plan Year 2018 are:
|
Company |
AVG % Change Requested |
Affected Lives |
|
Celtic Insurance Company (Ambetter) |
9.90% |
93,171 |
|
QCA Health Plan, Inc. |
22.05% |
21,274 |
|
QualChoice Life & Health Insurance Company, Inc. |
21.94% |
20,101 |
|
USAble Mutual Insurance Company (AR BCBS - Ind.) |
7.80% |
202,005 |
|
USAble Mutual Insurance Company (AR BCBS - MSP) |
7.80% |
202,005 |
The Arkansas Insurance Department has until August 16 to grant approval of rates for QHPs for Plan Year 2018. The Open Enrollment Period for PY 2018 will run from November 1 through December 15, 2017.
For more information on health insurance rate requests, including off-marketplace individual and small group plans, please click here.
(Correction: A previous version of this article had an incorrect end date for the open enrollment period)