Consumers (that’s all of us) can access information about carriers with rate increases of 10 percent or more.
The Arizona Department of Insurance has received threshold rate increase filings (increases of 10% or more for at least one plan) for the following insurers and markets:
Blue Cross and Blue Shield of Arizona
Expected Impact: 47,163 policy holders in the state
In a forecasted climate of decreased demand for individual products on the exchange due to the weakening of the individual mandate, the insurer purports the upcoming age rating change from 3:1 to 5:1 is the primary driver of the filed rate increases, while other market pressures including unstable federal funding and consumer demand also play a role.
The age curve change is driving most of the variation in rates, as evidenced by the fact that increases individuals will see range from -2.1% to 79.5%. Without this change, our expected increases would be 0% for metal (bronze, silver, gold) plans prior to the cost share reduction adjustment discussed below and 20% for catastrophic plans
BCBSAZ Filing to the Arizona DOI
Citing the uncertain future of cost sharing reduction (CSR) payments, the insurer filed for a 16% Increase in Silver plan premiums. Citing a reduction in utilization, BCBSAZ filed for a 20% increase for its Catastrophic plan premiums.
Read a redacted copy of the filing from healthcare.gov
CIGNA HealthCare of Arizona
Expected Impact: 2,900
The insurer offers individual products off the exchange after exiting the exchange market prior to open enrollment last year. This filing cites increasing costs from doctors, hospitals and other healthcare providers as well as the increased usage of healthcare services. The insurer also expects the federal government to fund tax credits and CSR payments in 2018. Read the Cigna redacted filing here.
On average Cigna expects its customers will see an increase of 65% – prior to upcoming age rating change from 3:1 to 5:1, with a range of increases from 62% to 147%
Health Net of Arizona
Impact: Not disclosed
The insurer requested an average rate increase of 4.95 % on its individual Community Care HMO product for 2018. The insurer wrote it expects “to be afforded the opportunity” to revise the rate filing because of various factors including pending legislative actions on premium tax credits, cost sharing credits, the enforcement of the individual mandate, age rating, open enrollment and grace periods and more. You can read the heavily redacted filing from Health Net to the ADOI here.
Small Group Market Filings
Aetna Life Insurance Company
All Savers Insurance Company
Banner Health and Aetna Health Insurance Company
Blue Cross and Blue Shield of Arizona
Health Net Life Insurance Company
Humana Health Plan, Inc.
Humana Insurance Company
UnitedHealthcare Insurance Company
UnitedHealthcare of Arizona, Inc.
The public can view rate increase information by visiting RateReview.Healthcare.gov.
Instructions for searching Arizona rate filing information:
Navigate to RateReview.Healthcare.gov
Click SEARCH ACA-COMPLIANT PRODUCTS
Select Arizona from the dropdown for the “State” field
Leave “Company Name” blank to see all Arizona rate information, or enter a specific company’s name.
To see 2018 rate information, enter 01/01/2018 to 12/31/2018 in the “Effective Date Range” fields.
Click SUBMIT SEARCH.
Click on the link for the filing about which you want information.
After reviewing information about a rate filing on RateReview.Healthcare.gov, you can submit comments about the filing by emailing firstname.lastname@example.org. Include the Company Name and Product Name in your email. The Department will review comments prior to issuing a final determination.
The public will also be able to view ADOI’s final determinations concerning threshold rate increases on RateReview.Healthcare.gov later in the year.
For more information about health insurance rates, please visit our Frequently Asked Questions About Rate Increases and other information available on the Department’s website.