The state’s health insurance commissioner is inviting public comment on proposed health insurance rates for next year. Those rates include some of the smallest proposed increases in years.
Health insurers in Rhode Island can’t just raise monthly premium rates. They have to request a rate change each year from the state’s health insurance commissioner and justify it.
For 2017, Blue Cross and Blue Shield of Rhode Island has requested a nearly eight percent increase in monthly premium rates for individual plans. Neighborhood Health Plan of Rhode Island requested about a nine percent decrease for similar plans, as well as a decrease for small employer plans. UnitedHealthcare wants about a half a percent increase for small employer plans. These represent monthly average increases in a hypothetical plan for a 21 year old. For a summary of proposed rate changes for large employer plans, click here.
The public is invited to comment on the proposals Wednesday evening at 5:30 pm the Public Utilities Commission in Warwick. You can also submit written comments by June 27.