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 |
On & Off |
7.83% |
Blue Saver Silver |
Off |
8.45% |
Blue Secure Silver |
Off |
8.28% |
Blue Cross Select Silver |
On & Off |
6.86% |
Blue Value Silver |
On & Off |
6.86% |
Blue Saver Silver EPO |
On & Off |
0.00% |
Blue Cross Select Gold |
On & Off |
7.98% |
Blue HSA Gold |
Off |
8.44% |
Blue Value Gold |
On & Off |
7.98% |
Blue Protect |
On & Off |
7.12% |
|
|
|
|
Bright Health Insurance Co of Alabama |
Product |
Sold on Exchange? |
Requested Rate Change |
Bronze Low Premium |
On & Off |
-18.35% |
Bronze 5100 HSA |
On & Off |
-19.25% |
Bronze $0 PCP, SC & MH |
On & Off |
-15.40% |
Bronze $0 Medical Deductible |
On & Off |
0.00% |
Bronze Lean |
On & Off |
0.00% |
Bronze $0 PCP, SC & MH + Adult
Dental and Vision |
On & Off |
0.00% |
Silver Low Premium |
On & Off |
-15.35% |
Silver Low MOOP |
On & Off |
-15.40% |
Silver $0 Deductible & MH |
On & Off |
-12.26% |
Silver $0 Deductible & MH |
Off |
0.00% |
Silver $0 PCP, SC, MH & Generic |
On & Off |
0.00% |
Silver $0 PCP, SC, MH & Generic |
Off |
0.00% |
Silver Lean |
On & Off |
0.00% |
Silver 4000 HSA |
Off |
0.00% |
Silver $0 PCP, SC, MH & Generic
+ Adult Dental and Vision |
On & Off |
0.00% |
Silver $0 PCP, SC, MH & Generic
+ Adult Dental and Vision |
Off |
0.00% |
Gold $0 PCP, SC & MH |
On & Off |
-15.21% |
Gold $0 Deductible & MH +
Adult Dental and Vision |
On & Off |
0.00% |
Catastrophic |
On & Off |
-14.85% |
|
|
UnitedHealthcare Insurance Company |
Product |
Sold on Exchange? |
Requested Rate Change |
UHC Bronze Value+ |
On & Off |
0.00% |
UHC Bronze Essential+ |
On & Off |
0.00% |
UHC Silver Value+ Saver |
On & Off |
0.00% |
UHC Silver Value+ |
On & Off |
0.00% |
UHC Silver Advantage+ |
On & Off |
0.00% |
UHC Gold Value+ |
On & Off |
0.00% |
UHC Gold Advantage+ Extra |
On & Off |
0.00% |
|
|
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