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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