The Department of Insurance receives preliminary health plan information for the following year from insurance carriers by June 1 and reviews the proposed plan documents and rates for compliance with Idaho and federal regulations.The Department of Insurance does not have the authority to set or establish insurance rates, but it does have the authority to deem rate increases submitted by insurance companies as reasonable or unreasonable. After the review and negotiation process, the carriers submit their final rate increase information.The public is invited to provide comments on the rate changes. Please send any comments to Idaho Department of Insurance.
DC Announces 2023 Health Insurance Rates; Half of Insurers Decrease Rates after District Review
Washington, DC–Today, the District of Columbia Department of Insurance, Securities and Banking (DISB) announced the 2023 approved individual and small business health insurance rates. As a result of the Department’s review, half of the insurers decreased their initial rate proposals, which will save District residents more than $17 million.
“The Bowser Administration and the Department of Insurance, Securities and Banking are committed to fair rates and non-discriminatory coverage,” said DISB Commissioner Karima M. Woods. “We performed a thorough review of 211 small group plans and 27 individual plans to ensure that they meet the District’s standards and provide non-discriminatory, accessible and affordable health insurance for our residents.”
I can't overstate how much I wish every state was as good as Pennsylvania is at not only making their annual rate filings publicly available on the state insurance dept. website, but doing so in such a clear, simple format, while also including a consistent summary page for every carrier!
As a result of this attention to transparency and detail, I was able to put together my Pennsylvania analysis pretty quickly even though they hae a huge number of carriers on both their individual and small group markets.
Insurance Department Announces 2023 Health Insurance Rates; Highlights More Plan Options And Positive Impact Of Inflation Reduction Act
Harrisburg, PA – Acting Insurance Commissioner Michael Humphreys today announced Pennsylvania's 2023 Individual and Small Group Affordable Care Act (ACA) health insurance rates, highlighting increased marketplace competition for several counties, and how the Inflation Reduction Act and extension of subsidies contributed to lower rates. Pennsylvanians can expect more options and greater competition while shopping for health insurance plans for 2023.
There's two significant changes this year: One new entrant to the individual market (Imperial Insurance) and one major withdrawl...Bright Health Co., which I wrote about earlier today; they had around 19,700 enrollees in the AZ individual market as of a year ago, though I don't know how many are enrolled at the moment.
In any event, Arizona is looking at a weighted average rate increase of 4.3% on the individual market (for unsubsidized enrollees only), and 8.2% on the small group market:
New state savings available for 2023 provide an unprecedented opportunity to get covered Olympia, WA
More than 40% of Washingtonians who get their health insurance through Washington Healthplanfinder could receive brand new state-funded premium subsidies when enrolling in coverage for 2023. To get these new savings — called Cascade Care Savings — customers can newly sign up for, or switch to, a qualifying plan during open enrollment starting Nov. 1.
Building upon high-quality Cascade Care plans introduced in 2021, Cascade Care Savings is for Washingtonians making up to 250% of the federal poverty level (FPL) — generally low-wage and part-time workers. These savings are available exclusively through Cascade Care Silver and Gold plans offered on Washington Healthplanfinder.
ST. PAUL, Minn.—Minnesotans who need health insurance can now shop and compare medical and dental plans for 2023 through MNsure, Minnesota's health insurance marketplace. MNsure's open enrollment period starts November 1 and runs through January 15, 2023, but Minnesotans can use MNsure's plan comparison tool this month to check out their options and get a cost estimate so they are ready to sign up for coverage when open enrollment begins.
"There is great news for Minnesotans shopping for 2023 health coverage through MNsure," said MNsure CEO Nate Clark. "With larger tax credits available for more Minnesotans, we estimate Minnesota families will save an average $560/month ($6,700/year) when they buy coverage and access financial help that's only available through MNsure."
Of all the problems the ACA has encountered over the 12 years since it was first signed into law by President Obama, one of the most irritating ones had nothing to do with Republican sabotage. The call on this one was made by the IRS (then under the Obama Administration), based on their interpretation of a few bits of language within the legislative text itself back in 2013: The Family Glitch.
We still get calls on a regular basis from people who are shopping for individual insurance because adding dependents to their employer plan is prohibitively expensive. We estimate that roughly 20 percent of the people who contact us are in this situation.
A new report from the U.S. Department of Health and Human Services (HHS) shows that the Biden Administration's historic vaccination program, which has gotten over 90 percent of seniors fully vaccinated and over 70 percent of seniors a booster shot, is linked to more than 650,000 fewer COVID-19 hospitalizations and more than 300,000 fewer deaths among seniors and other Americans enrolled in Medicare. The study, which was conducted by researchers with HHS's Office of the Assistant Secretary for Planning and Evaluation (ASPE), underscores the importance of Americans – particularly seniors and others at high-risk of serious outcomes – getting an updated COVID-19 vaccine this fall.
It's been nearly a year since I've checked in on what the off-exchange individual health insurance market looks like. In October 2021, Mark Farrah Associates estimated the total indy market (including both on- and off-exchange enrollees) at around 15.9 million people nationally as of June 2021. Of that, they figured roughly 75.4% of it was on-exchange vs. 24.6% off-exchange.
However, as I noted at the time, there were a couple of important caveats with Mark Farrah's estimates, two of which they mentioned but one of which they didn't:
It is important to note that Mark Farrah Associates (MFA) applied enrollment figures for select carriers not required to report health enrollment on a quarterly basis and made other adjustments based on market analysis. Furthermore, individual enrollment includes short term plan enrollees and may include Medicaid programs, such as CHIP, as some states include subsidized lines in the individual segment. These factors may have resulted in moderate understatement or overstatement of enrollment.
