Delaware News

Commissioner Stewart Reduces Highmark Rate Requests

Insurance Commissioner | News | Date Posted: Tuesday, October 7, 2014


Picture of the Seal of the Delaware State Insurance Commissioner

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.

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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.”

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Commissioner Stewart Reduces Highmark Rate Requests

Insurance Commissioner | News | Date Posted: Tuesday, October 7, 2014


Picture of the Seal of the Delaware State Insurance Commissioner

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.”

image_printPrint

Related Topics:  , , , ,


Graphic that represents delaware news on a mobile phone

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.