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Monday, May 23, 2016
Health plan operators that intend to sell individual coverage in Washington state this fall ...
... have proposed an average rate increase of 13.5%, the
Office of the Commissioner of Insurance reported May 16. Thirteen carriers
collectively filed 154 individual health plans for 2017 coverage to be sold
inside and outside of the Washington Healthplanfinder exchange. Nine of the 13
insurers intend to sell individual plans inside the exchange, and four will
sell only outside of it. Premera Blue Cross, which seeks to sell coverage only
outside of the exchange, asked to boost its rates by 20%. Coordinated Care, a
subsidiary of Centene Corp., is seeking the lowest percentage increase at 7.4%.
UnitedHealthcare of Washington will leave the state's individual market in
2017, and Moda withdrew in January. Both insurers sold plans statewide. Two
other statewide insurers, Premera and Lifewise, intend to stop marketing
outside of the exchange and will reduce the number of counties where they will
offer plans, according to the state's insurance commissioner.
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