CID: Health Insurance Rate Filing - Anthem Health Plans, Inc. (Large Group)

Health Insurance Rate Filing - Anthem Health Plans, Inc. (Large Group)


 
Rate Filing Review: 16.4 percent average increase
 
Decision: Under Review
 
Public Comment Period: October 3, 2017 to October 23, 2017

On September 29, 2017, Anthem Health Plans filed a request to increase rates 16.4 percent on its large group health insurance policies for employers with 51 or more workers.

The filing is for prospective business. The new rates are for plans that will be marketed for coverage beginning Jan. 1, 2018.

In calculating the rates, the company noted it was factoring in impact of medical inflation, known as “trend,” which takes in to account the increase in medical and pharmacy costs and the demand for those services. The company calculated a trend impact of 12.7 percent.

If approved the new rates would take effect for policies issued or renewed on or after January 1, 2018.

 
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Find the filing, brief summary and public comment section here at All Current Rate Filings


Content Last Modified on 10/2/2017 5:11:23 PM