Payers Split on Factoring COVID-19 into 2021 Premium Rates
Health Payer Intelligence July 23, 2020
The 63 filings that have been made public shed some light on payers’ justifications for whether to consider coronavirus when setting 2021 premium rates.
Over half of the public rate filings from payers on the individual and small group health insurance market are proposing 2021 premium rates changes between a two percent decrease and a six percent increase, according to Kaiser Family Foundation.
The coronavirus pandemic has thrown a wrench into the annual premium filing process, but experts are able to draw some conclusions about payer expectations from the early payer filings that have been made public.
Ten states plus the District of Columbia have made payer filings public. This sampling produced 63 public filings. Premium rate decisions for 2021...