Obamacare Still In Play and Causing Possible Rate Increases in Florida

by | Jun 26, 2017

As the Affordable Care Act is still in play, nine insurance companies doing business in Florida are asking for a rate increase to make sure the carriers are in compliance.

The average rate increase is at 17.8 percent, according to the Office of Insurance Regulations, but many citizens in Florida utilizing the individual marketplace may not see premium increases because of the government subsidies related to the Affordable Care Act, or Obamacare, as it’s also called..

Six of the nine companies also plant to sell through the federal exchange. Those six are Blue Cross & Blue Shield of Florida, Health First Commercial Plans, Molina Healthcare of Florida, Health Options, Florida Health Care Plan, and Celtic Insurance Company.

AvMed, Cigna Health and Life Insurance Company and Freedom Life Insurance Company of America are the three individual-market companies.

Along with the nine requesting rate increases, 14 other companies are requesting to provide small-group products in compliance with Obamacare. In alphabetical order, they are Aetna Health, Aetna Life Insurance Company, All Savers Insurance Company, AvMed, Blue Cross & Blue Shield of Florida, Capital Health Plan, Florida Health Care Plan, Health First Commercial Plans, Health Options, Humana Health Insurance Company of Florida, Humana Medical Plan, Neighborhood Health Partnership, United Healthcare Insurance Company and United Healthcare of Florida.

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