Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Health Insurance Exchange Forum > Iowa

Reply to 2016 is Starting Not-so-hotsy.....     
Old 05-11-2015, 01:43 PM   #1
Guru
 
Join Date: Aug 2009
Posts:1,012
State: timsip is an Insurance Agent from Iowa
timsip is a member of 1000 posts VIP club
2016 is Starting Not-so-hotsy..... 2016 is Starting Not-so-hotsy.....
Important Information Regarding Wellmark’s 2016 Exchange Decision and ACA Rate Increases

Today, Wellmark announced that they will NOT offer products for sale on the Exchange/Marketplace in 2016 in Iowa.

Today, Wellmark Blue Cross and Blue Shield of Iowa announced rate increases for January 1, 2016. Average rate increases are listed below:




Iowa


Individual/ Group
Grandfathered Plans Announced in June Announced in June Announced in June Announced in June

ACA-PPO 26.5% / 10.7%

ACA-HMO 28.7% / 5.9%



These increases will require a public rate hearing which is currently scheduled for July, 2015. GF/NGF rates for 2016 will be announced in June and a rate hearing will be scheduled at that time, if needed.

2015 Timeline
•May 11 (today): 2016 Product and Rate Filing.

  Reply With Quote to 2016 is Starting Not-so-hotsy.....

Old 05-11-2015, 04:09 PM   #2
Super Genius
CABenefits on 2016 is Starting Not-so-hotsy.....
 
Join Date: Oct 2010
Posts:150
State: CABenefits is an Insurance Agent from California
2016 is Starting Not-so-hotsy..... Re: 2016 is Starting Not-so-hotsy.....
Originally Posted by timsip View Post
Important Information Regarding Wellmark’s 2016 Exchange Decision and ACA Rate Increases

Today, Wellmark announced that they will NOT offer products for sale on the Exchange/Marketplace in 2016 in Iowa.

Today, Wellmark Blue Cross and Blue Shield of Iowa announced rate increases for January 1, 2016. Average rate increases are listed below:




Iowa


Individual/ Group
Grandfathered Plans Announced in June Announced in June Announced in June Announced in June

ACA-PPO 26.5% / 10.7%

ACA-HMO 28.7% / 5.9%



These increases will require a public rate hearing which is currently scheduled for July, 2015. GF/NGF rates for 2016 will be announced in June and a rate hearing will be scheduled at that time, if needed.

2015 Timeline
•May 11 (today): 2016 Product and Rate Filing.
Ouch! The scales are turning
------------------------------------
  Reply With Quote to 2016 is Starting Not-so-hotsy.....
Old 05-12-2015, 01:19 PM   #3
Guru
 
Join Date: Aug 2009
Posts:1,012
State: timsip is an Insurance Agent from Iowa
timsip is a member of 1000 posts VIP club
2016 is Starting Not-so-hotsy..... Re: 2016 is Starting Not-so-hotsy..... timsip is the thread starter for: 2016 is Starting Not-so-hotsy.....

So the story gets a little twist.... UHC enters the frey plus a mystery guest.....Wellmark spurns Obamacare exchange, but two competitors don't
------------------------------------
  Reply With Quote to 2016 is Starting Not-so-hotsy.....
Old 05-12-2015, 03:53 PM   #4
Guru
GreenSky on 2016 is Starting Not-so-hotsy.....
 
Join Date: Mar 2007
Posts:14,708
State: GreenSky is an Insurance Agent from Nevada
GreenSky is a member of 5000 posts Super VIP club
2016 is Starting Not-so-hotsy..... Re: 2016 is Starting Not-so-hotsy.....
Well this is a surprise. I thought Obamacare was going to cut costs.

Next you'll tell me that buying a house with no money down and virtually no income could be a bad deal for the banks.

Rick

------------------------------------
Now offering Washington National contracts. Great cancer plans!
YIO is now available at http://yourinsuranceoffice.net/.

insure(at)greenskyins(dot)com
  Reply With Quote to 2016 is Starting Not-so-hotsy.....
Reply to 2016 is Starting Not-so-hotsy..... 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Health Insurance Exchange Forum > Iowa




Similar Threads with 2016 is Starting Not-so-hotsy.....
Thread Thread Starter Forum Replies Last Post
Changes from 2015 to 2016... Rules, Premiums, Plans, Exchanges, Etc. AllenChicago Health Care Reform Forum 252 03-16-2016 11:16 AM
Starting with Farmers.... Need Advice. DGA22 Getting Started Selling Insurance 2 04-26-2014 11:14 PM
Starting Out VGS General Insurance Agent Discussions 14 11-04-2013 11:37 AM
Gas Prices Starting to Effect Sales? WinoBlues General Insurance Agent Discussions 44 03-02-2012 04:07 PM



All times are GMT -5. The time now is 04:18 AM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed