Navarro Announces Ninth Consecutive Workers’ Comp Rate Decrease
Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the ninth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 11.6%, and the residual market will see an average rate reduction of 9.08%. Residual markets are often seen as the ‘last […]
$450k in Mental Health Parity Penalties Issued to UnitedHealthcare
Insurer penalties pass the $2M mark in total Today the Delaware Department of Insurance announced the completion of a follow-up Mental Health Parity and Addiction Equity Act (“Mental Health Parity”) examination of UnitedHealthcare Insurance Company. This investigation also included reviews of complaint and grievance handling, policyholder services, claims, utilization review, medical necessity criteria, pharmacy review, […]
Insurance Commissioner: Vaccine Insurance Coverage in Delaware
In the wake of federal changes, Insurance Commissioner Trinidad Navarro and the Delaware Department of Insurance wish to inform residents about carrier’s intentions regarding insurance coverage for immunizations. “Vaccines save lives,” said Insurance Commissioner Trinidad Navarro. “They save money, preventing costly diseases and conditions, keeping insurance and care affordable. They save health care capacity, a […]
Department of Insurance Issues First-Ever GLP-1 Report
While utilization rises, rebates mean that insurers and employers break-even Use of GLP-1s – the popular medications to treat Type 2 Diabetes and obesity – nearly doubled among Delaware’s fully-insured commercial members from 2020 to 2023, according to a new first-in-the-nation analysis from the Department of Insurance’s Office of Value-Based Health Care Delivery. Data shows […]
Marketplace Health Insurance Rates Return to Trump-Era Highs
Federal budget, CMS rules, and expiration of subsidies to raise consumer costs Carriers on the Delaware Health Insurance Marketplace have filed higher rates for the coming year. These actuarially justified increases are a result of federal budget activities, changes made to federal Marketplace rules, and the expiration of enhanced Advanced Premium Tax Credits. They do […]
