The District of Columbia Department of Insurance, Securities and Banking (DISB) received 184 proposed health insurance plan rates for review from four major insurance companies in advance of the fifth year of open enrollment on DC Health Link, the District of Columbia’s health insurance marketplace.
“As the insurance regulator for the District of Columbia, it is our duty to ensure residents and small businesses are provided rates that are fair and adhere to District law,” said Commissioner Stephen C. Taylor. “The rate review process allows us to work with our insurance companies and to evaluate their proposals so that the District’s insurance rates are adequate and not excessive or unfairly discriminatory.”
Four major insurance companies – Aetna, CareFirst BlueCross BlueShield, Kaiser Permanente and United Healthcare – filed proposed rates for individuals, families and small businesses for the 2018 plan year. Overall, 184 plans were filed, compared to 171 last year. The small group plans increased from 151 to 158, and individual plans increased from 20 to 26.
The filed rates show increases from 2017 for both individual and small group plans. In the individual market, CareFirst proposed an average increase of 39.6% for HMO plans, and 19.7% for PPO plans. Kaiser proposed an average increase of 13%.
For small group plans, CareFirst filed average rate increases of 9.5% for HMO plans and 15.3% for the PPO plans. Kaiser small group rates show an average increase of 5%. Aetna filed for an average increase of 7.38% for PPO plans and 9.38% for HMO plans. Finally, United proposed an average increase of 9.5% for its PPO and HMO plans. To view the proposed rates, please go here. For additional information on the District’s Health Rate Review Process, go here. The public can comment on the proposed rates by sending an email to HealthRate.Comments@dc.gov by August 31, 2017.