- 1,007
largest carrier in Pa just released rates for 2013, 6-8% is the avg
Report of 55% Premium Increases!
- Thread starter taterpeeler
- Start date
- 104
- 4,096
55% not to bad.
There was initial estimates of 300% IFP plans. If there is community rating there is no way the under 40, do not see huge rate increase.
There is no way small group plans decrease. When you add essential benefits and no underwriting the rates are going up.
I could see a small group of 10 employees with a mix of dependent coverage costing $100,000 a year for a silver type plan. This type of plan is already at $60k on the low end.
On the small group side, I do not see the employers being able to take on the rate increase. These groups are already struggling with high premiums.
Everyone should be ready to set up HRA plans with defined contribution for IFP plans. If it is legal in your state this is the route most small groups will go.
There was initial estimates of 300% IFP plans. If there is community rating there is no way the under 40, do not see huge rate increase.
There is no way small group plans decrease. When you add essential benefits and no underwriting the rates are going up.
I could see a small group of 10 employees with a mix of dependent coverage costing $100,000 a year for a silver type plan. This type of plan is already at $60k on the low end.
On the small group side, I do not see the employers being able to take on the rate increase. These groups are already struggling with high premiums.
Everyone should be ready to set up HRA plans with defined contribution for IFP plans. If it is legal in your state this is the route most small groups will go.
- 104
It's bad if it's only the 2013 projections, trending upwards in years to come...
Similar threads
