office of the health insurance commissioner

Rhode Island’s health insurance commissioner is asking the public to weigh in on health insurance rates tonight. Health insurers have to file a request with the state to raise rates every year. Most have asked for increases in monthly premiums, for individuals, small businesses, and large group plans.

The insurance companies say they need the increase to pay for the rising costs of health care, as well as a proposed tax to help pay for HealthSource RI.

Or... they could be. Insurers have just filed their requests for premium rate increases with the state’s health insurance commissioner. They’re only preliminary. And in years past the health insurance commissioner has denied some increases. But if experience is any guide, the average monthly premium for most plans will probably go up - in some cases by two-digit percentages.                                                         

It all depends on how you buy your insurance - on your own, through a small business, or through a large business.

Kristin Gourlay / RIPR

Small business owners are hoping the state’s health insurance commissioner will hold the line on the cost of health insurance for next year. The commissioner’s office is taking public comment on those proposed rates now. And at a public hearing last night, several small business owners testified about how rising insurance costs are eating into their bottom line. Bruce Dawson owns Central Tools in Pawtucket.

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.

News from the state's health insurance commissioner (OHIC): insurers are making good on their commitment to invest more of their premium revenue in primary care. OHIC directed insurers to raise the amount they spend on their members' primary care by one percentage point every year for four years. And in a new report the agency says they're going to hit those targets.