RI Health Insurers Seeking Massive Rate Increases for 2025 - GoLocalProv
Saturday, June 15, 2024 GoLocalProv Business Team View Larger + PHOTO: AWV , Unsplash More tough news for businesses and families in Rhode Island. On Friday, Rhode Island's Office of Health Insurance Commissioner (OHIC) unveiled the individual, small group, and large group market premium rates requested by Rhode Island's insurers. Some of the rate increases are above 20%. GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST The requests filed by health insurers are filed as part of OHIC's annual rate review process (for rates effective in 2025). OHIC Breakdown Tables 1 – 3, below, summarize the insurers' requests for 2025. Two insurers, Blue Cross Blue Shield of Rhode Island (BCBSRI) and Neighborhood Health Plan of Rhode Island (NHPRI) filed plans to be sold on the individual market to persons who do not receive insurance through their employer—in addition to BCBSRI and NHPRI, UnitedHealthcare, Harvard Pilgri...