Hawaii: *Final* avg. unsubsidized 2025 #ACA rate changes: +6.7% (updated)

Originally posted 8/30/24

Hawaii only has two health insurance carriers serving the individual market, Hawaii Medical Service Assocation and Kaiser Foundation Health Plan. Both of them have submitted their proposed premium rate filings for 2025: HMSA is requesting a 7.6% hike, while Kaiser is only asking for a 4.0% bump. The weighted average is 6.4%.

On the small group market, the 5 carriers participating are requesting unweighted average increases of 7.1% statewide.

UPDATE 9/19/24: Hawaii regulators have uploaded the approved 2025 rate filings for the individual market only (I assume the small group filings will be uploaded soon). HMSA's rates will be going up slightly more than originally requested, but overall not much changed.

It's worth noting that Hawaii has a larger portion of its individual market enrolled in off-exchange policies than most states...around 37%, which means only 53% of the total indy market is subsidized at the moment.