Kentucky: Approved avg. 2021 #ACA premiums: +5.0% indy market, +8.8% sm. group market
In early August, the Kentucky Insurance Dept. posted preliminary 2021 rate filings for the individual and small group markets. At the time, the carriers were requesting average increases of 11.6% on the individual market (unusually high this year) and 9.7% for the small group market.
More recently, they posted the approved 2021 rate changes, and the individual market hikes have been cut by more than half, to just a 5.0% increas on average.
Small Group plans have also been shaved down slightly, from a 9.7% average increase to 8.8%.