Health care insurers in Illinois have requested an average premium rate hike of 35 percent for next year, according to the state’s insurance commissioner.
The four insurers serving the individual market in Illinois are Celtic Insurance Company, CIGNA HealthCare of Illinois, Health Alliance Medical Plans (HAMP), and Health Care Service Corporation (HCSC). Humana has announced earlier this year it was leaving the Illinois exchange.
For Obamacare’s lowest silver-plan, the four insurers are requesting a range of 15 to 43 percent in premium hikes, coming to an average of 35 percent.
A 21-year-old nonsmoker on the lowest cost silver-plan with Celtic Insurance can expect to see premiums of $315.33. For those with Cigna coverage, an individual in this category could expect to see a range of premiums of $448.97 to $344.23. Individuals with HAMP coverage can expect their premiums to go up from a range of $423.96 to $446.71. Those covered by HCSC can expect premiums to increase from a range of $358.46 to $520.94.