Commissioner Stewart Reduces Highmark Rate Requests
Insurance Commissioner | News | Date Posted: Tuesday, October 7, 2014
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Insurance Commissioner | News | Date Posted: Tuesday, October 7, 2014
Commissioner Stewart Reduces Highmark Rate Requests
Rates on small employer individual grandfathered plans affect 3,300 Delawareans
Dover, DE – Insurance Commissioner Karen Weldin Stewart announced today that she has reduced to 9.9% a request from Highmark BlueCross BlueShield for a health rate increases on small employer grandfathered individual plans.
Highmark filed requests for increases in the rates for nine plans. Four of the plans requested an increase of 17.6%. Five additional plans sought a 15% hike. After reviewing the filings and taking into account the interests of consumers, Commissioner Stewart reduced the amount approved to 9.9% for 8 plans and refused to grant one plan any increase at all.
The rates go into effect immediately and affect approximately 3,300 Delawareans.
###
For more information:
Jerry Grant 302-674-7303
For more information about the Delaware Department of Insurance visit www.delawareinsurance.gov.
Our mission: “Protecting Delawareans through regulation and education while providing oversight of the insurance industry to best serve the public.”
Related Topics: Delaware Insurance Commissioner, Department of Insurance, Health Insurance, Highmark BlueCross BlueShield, insurance
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
Insurance Commissioner | News | Date Posted: Tuesday, October 7, 2014
Commissioner Stewart Reduces Highmark Rate Requests
Rates on small employer individual grandfathered plans affect 3,300 Delawareans
Dover, DE – Insurance Commissioner Karen Weldin Stewart announced today that she has reduced to 9.9% a request from Highmark BlueCross BlueShield for a health rate increases on small employer grandfathered individual plans.
Highmark filed requests for increases in the rates for nine plans. Four of the plans requested an increase of 17.6%. Five additional plans sought a 15% hike. After reviewing the filings and taking into account the interests of consumers, Commissioner Stewart reduced the amount approved to 9.9% for 8 plans and refused to grant one plan any increase at all.
The rates go into effect immediately and affect approximately 3,300 Delawareans.
###
For more information:
Jerry Grant 302-674-7303
For more information about the Delaware Department of Insurance visit www.delawareinsurance.gov.
Our mission: “Protecting Delawareans through regulation and education while providing oversight of the insurance industry to best serve the public.”
Related Topics: Delaware Insurance Commissioner, Department of Insurance, Health Insurance, Highmark BlueCross BlueShield, insurance
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
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