District of Columbia: Insurers File Higher Plan Rates for 2016
Four insurance companies submitted proposed health insurance plans for D.C.’s individual and SHOP marketplaces with rates that are generally higher than last year’s, though DC Health Link clarified that due to the changes in numbers and types of plans being offered, comparing from year-to-year may be misleading. In the individual market, increases in plan premiums ranged from 2.7% to 18.1%, with the exception of one bronze product’s premium that decreased by 7.8%. The number of plans offered in the individual market, however, decreased from 227 to 162 for next year’s open enrollment period. DC Health Link noted that carriers are making an effort to tailor their products based on market experience.
Iowa: Seven Insurers Give Consumers More Marketplace Choice
Seven insurance companies have applied to offer individual plans, small group plans, or both through Iowa’s Federally-facilitated Marketplace, giving Iowans more choice in the coming year. Coventry Health Care was previously the only option for most Iowans. Two insurers, Coventry Health Care of Iowa, Inc. and Medica Insurance Company, will offer plans statewide, and United Healthcare of the Midlands will sell plans in most counties. Wellmark, the dominant insurer in Iowa, announced it will continue not to offer policies on the Marketplace.
Washington: Surge in Marketplace Participation by Insurers for 2016
The State Office of the Insurance Commissioner announced that 17 health insurers filed 246 individual plans for purchase both on and off the Marketplace, with a requested average rate increase of 5.4%, the lowest in nearly a decade. On the Marketplace, 13 insurers filed 188 plans, a huge jump from the 10 insurers and 90 plans offered in 2015. In addition, three insurers filed 47 plans with the State’s small business Marketplace, Washington Healthplanfinder Business.