Anthem Health Plans of Kentucky, Inc. filed requests for 13 different plans to be offered on the Exchange with a proposed average rate increase of 12%. CareSource Kentucky Co. requested an average rate decrease of 4.5% for 12 different plans to be offered on the Exchange. This decrease follows the 19.4% rate increase approved last year for the 12 plans it offered. The submitted rates are subject to review by the Department.
Following an examination by DOI analysts, the Department plans to complete the review of the proposed rates by August. Any service area expansion by either carrier will be finalized at the same time.
Approximately 84,620 Kentuckians purchased individual health insurance plans during the 2018 open enrollment period. Plans can be purchased through the federal exchange (healthcare.gov) or directly from each participating insurer.
Open enrollment for the 2020 plan year begins Nov. 1.
On the Net:
The preliminary 2020 rate filings
