The not-so-good news is that rates for individual plans are going up by 20 percent to 30 percent.
Maryland Insurance Commissioner Al Redmer said last week during an interview with Herald-Mail Media that the small-market rates are for employers with two to 50 employees, and affect about 4.1 percent of Marylanders. Rates in the small group market are going up by an average of 3.3 percent, with several United Healthcare plans actually going down.
A few carriers, such as CareFirst of Maryland and Evergreen Health Cooperative, were approved for rates higher than they requested. Redmer said that's because the state is required to approve rates based on several criteria:
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5 comments:
"were approved for rates higher than they requested"
WTH?
Really?
Are you kidding me?
When you hold a monopoly anything can and will happen and it's usually never good for you the end user. Benifits continue to be reduced and cost goes up.
Screw the self-employed and those with just one employee.
I got a check back from Care First for 2015, recently. It was a nice rebate of premium.
Not true
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