Health Insurers Ask For 2% Rate Increases

Insurance

Health insurers participating in the Arkansas Health Insurance Marketplace requested an average 2.08% increase for plan year 2020, Arkansas Insurance Commissioner Allen Kerr announced Monday.

The rate increases would apply to insurers participating in the Marketplace serving private citizens purchasing their own insurance, as well as those served by Arkansas Works, the state program that uses mostly federal Medicaid dollars to buy insurance for about 240,000 lower-income Arkansans.

The Arkansas Insurance Department has until September 18 to approve the requests, which are subject to an independent actuarial analysis.     MORE

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