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.
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