Health insurers have filed their requests for rate increases (or, in one case, decreases!) for the coming year (effective January 2015). The Office of the Health Insurance Commissioner reviews those requests to make sure they're fair, and then issues a ruling, probably by mid-July. Before then, you have an opportunity to weigh in.
Here are the details on those opportunities, plus OHIC's summary of what insurers have requested.
Rhode Islanders who buy health insurance individually or through a small employer now have an idea how much their monthly premiums will be in 2014. The state’s outgoing commissioner of health insurance approved rates lower than insurance companies requested, although just about everyone’s health insurance bill will be going up.
Rhode Island health insurers have filed their requests for increases in premium rates next year. Some small businesses and individuals could see some significant hikes.
Small businesses could see their plan rates drop as much as 20 percent or spike as much as 40 percent. But the average Blue Cross increase is expected to be about 15 percent. Tufts asked for about 13 percent.