Commissioner Receives Actuarial Reports on Wellmark Rate Increase Request
Decision Impacts Policies Other Then Employer or Medicare Supplements in Iowa
Iowa Insurance Commissioner Susan Voss has received the final report from the independent actuary analyzing the rate increase request for individual health insurance with an effective date of April 1, 2013 that has been filed by Wellmark, Inc. This request has no impact on the vast majority of Wellmark customers in the state who are covered under fully-insured group plans, group plans that are self-insured and use Wellmark only for administrative services, or for Iowans with Wellmark Medicare Supplement plans.
The independent actuary’s reports on the various blocks of business can be accessed here. The Division’s actuarial report on the blocks can be accessed here. These reports will be key mathematical analyses used by the commissioner as she decides on the request.
Now that she has this information, Commissioner Voss will complete and announce her decision soon.