Promoting a fair, stable, and competitive insurance market for the people of Alabama.
The Affordable Care Act (ACA) requires that insurers planning to increase plan premiums submit their rates to the Alabama Department of Insurance for review.
The rate review process is designed to improve insurer accountability and transparency. It ensures that experts evaluate whether the proposed rate increases are based on reasonable cost assumptions and solid evidence. The ACA also requires that a summary of rate review justifications and results be accessible to the public in an easily understandable format. The Federal HealthCare.gov Rate Review website is designed to meet that mandate. For more information, see https://ratereview.healthcare.gov/.
The information is provided in the tables below. Also attached are links to the redacted actuarial memorandum, which support these changes. The rate changes are being proposed and reviewed by the Alabama Department of insurance (ALDOI). As soon as they are final, they may be purchased on the Federal Exchange or through private agents and brokers. The programs will be effective beginning on January 1, 2022.
If you wish to submit a comment please use the form available at the following link: http://www.aldoi.gov/Consumers/FileComplaint.aspx
Proposed Rate Changes for Affordable Care Act Policies
In the Individual Market
Changes proposed to be effective January 1, 2022
Blue Cross and Blue Shield of Alabama
Product
Sold on Exchange?
Requested Rate Change
Blue HSA Bronze
On & Off
8.53%
Blue Saver Bronze
7.83%
Blue Saver Silver
Off
8.45%
Blue Secure Silver
8.28%
Blue Cross Select Silver
6.86%
Blue Value Silver
Blue Saver Silver EPO
0.00%
Blue Cross Select Gold
7.98%
Blue HSA Gold
8.44%
Blue Value Gold
Blue Protect
7.12%
Bright Health Insurance Co of Alabama
Bronze Low Premium
-18.35%
Bronze 5100 HSA
-19.25%
Bronze $0 PCP, SC & MH
-15.40%
Bronze $0 Medical Deductible
Bronze Lean
Bronze $0 PCP, SC & MH + Adult
Dental and Vision
Silver Low Premium
-15.35%
Silver Low MOOP
Silver $0 Deductible & MH
-12.26%
Silver $0 PCP, SC, MH & Generic
Silver Lean
Silver 4000 HSA
+ Adult Dental and Vision
Gold $0 PCP, SC & MH
-15.21%
Gold $0 Deductible & MH +
Adult Dental and Vision
Catastrophic
-14.85%
UnitedHealthcare Insurance Company
UHC Bronze Value+
UHC Bronze Essential+
UHC Silver Value+ Saver
UHC Silver Value+
UHC Silver Advantage+
UHC Gold Value+
UHC Gold Advantage+ Extra
Redacted Actuarial Memorandum for each company:
Blue Cross: https://aldoi.gov/PDF/News/ACABlueCross.pdf
Bright Health: https://aldoi.gov/PDF/News/ACABrightHealth.pdf
United Healthcare: https://aldoi.gov/PDF/News/ACAUnitedHealthCare.pdf
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