May 5th, 2017 by WCBC Radio
Health insurance companies have submitted average rate increase requests for the individual plan markets for 2018 to the Maryland Insurance Administration that range from 18 percent to nearly 59 percent. WTOP reports the insurance administration will issue decisions about 2018 rates in late summer, after reviews and public input.The largest rate increase request is for the CareFirst of Maryland Inc. and Group Hospitalization and Medical Services Inc. PPO (both CareFirst companies), seeking an average increase of 58.8 percent, or a monthly premium average before any subsidies of $715. The smallest rate increase request comes from Kaiser Foundation Health Plan of the Mid-Atlantic HMO, seeking an average increase of 18.08 percent, or $359 a month before subsidies.
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