Insurance Rate Changes
Insurance companies offering individual and small group health insurance plans are required to file proposed rates with the Arkansas Insurance Department for review and approval before plans can be sold to consumers. The Department reviews rates to ensure that the plans are priced appropriately. Under Arkansas Law (Ark. Code Ann. § 23-79-110), the Commissioner shall disapprove a rate filing if he/she finds that the rate is not actuarially sound, is excessive, is inadequate, or is unfairly discriminatory. The Department relies on outside actuarial analysis by a member of the American Academy of Actuaries to help determine whether a rate filing is sound.
Below, you can review information on rate filings for Plan Year 2018 individual and small group products that comply with the reforms of the Affordable Care Act.
2018 Rate Changes
Individual On/Off Market
| Company Name | Tracking Number | AVG % Change Requested | Affected Lives | Filing | Summary | AVG % Change Approved* |
|---|---|---|---|---|---|---|
| Celtic Insurance Company (Ambetter) | CELT – 131030704 | 9.90% | 93,171 | 21.40% Template | ||
| Non-CSR (8/21) | CELT-131164164 | 21.40% | 93,171 | |||
QCA Health Plan, Inc. | QUAC-131112525 | 22.05% | 21,274 | 24.47% Template | ||
| QCA Health Plan, Inc. (Updated 8/1) | QUAC-131112525 | 8.94% | 21,274 | |||
| Non-CSR (8/21) | QUAC-131159462 | 24.66% | 21,274 | |||
| Non-CSR Updated (10/16) | QUAC-131159462 | 24.47% | 21,274 | |||
| QualChoice Life & Health Insurance Company, Inc. | QUAC-131112934 | 21.94% | 20,101 | 24.78% Template | ||
| QualChoice Life & Health Insurance Company, Inc. (Updated 8/1) | QUAC-131112934 | 8.78% | 20,101 | |||
| Non-CSR (8/21) | QUAC-131159516 | 24.97% | 20,101 | |||
| Updated (10/16) | QUAC-131159516 | 24.78% | 20,101 | |||
| USAble Mutual Insurance Company (AR BCBS – Ind.) | ARBB-131117163 | 7.80% | 202,005 | 14.20% Template | ||
| Non-CSR (8/21) | ARBB-131163741 | 14.20% | 202.005 | |||
| USAble Mutual Insurance Company (AR BCBS – MSP) | ARBB-131117132 | 7.80% | 202,005 | 14.20% Template | ||
| Non-CSR (8/21) | ARBB-131163918 | 14.20% | 202,005 |
Individual Off Market
| Company Name | Tracking Number | AVG % Change Requested | Affected Lives | Filing | Summary | AVG % Change Approved |
|---|---|---|---|---|---|---|
| Freedom Life Insurance Company | USHG-131042611 | 105.87% | 2 | 105.87% Template | ||
| USAble Mutual Insurance Company (AR BCBS) | ARBB-131126999 | 7.80% | 202,005 | 7.80% Template |
Small Group Off Market
| Company Name | Tracking Number | AVG % Change Requested | Affected Lives | Filing | Summary | AVG % Change Approved |
|---|---|---|---|---|---|---|
| HMO Partners, Inc. (Health Advantage) | HLAD-131117167 | 7.48% | 2,823 | 7.48% Template | ||
| QCA Health Plan, Inc. | QUAC-131113278 | – 6.96% | 1,327 | -6.96% Template | ||
| QualChoice Life & Health Insurance Company, Inc. | QUAC-131113463 | – 7.18% | 138 | -7.18% Template | ||
| UnitedHealthcare Insurance Company | UHLC-131006378 | 19.45% | 8,447 | 19.45% Template | ||
| UnitedHealthcare Insurance Company of the River Valley | UHLC-131006307 | 11.27% | 9,978 | 11.27% Template | ||
| United Healthcare of Arkansas, Inc. | UHLC-131006336 | 16.66% | 3,766 | 16.66% Template | ||
| USAble Mutual Insurance Company (AR BCBS) | ARBB-131117135 | 8.60% | 10,253 | 7.94% Template |
Health Insurance Rate Change Archive
To review the approved plan filings for other plan years, please select from the options below:
You may also view rate filings for previous years through the federal government’s Rate Review website.
Users will only be able to view the public details of the filing, as certain portions are deemed confidential by law (Ark. Code Ann. § 23-61-103).
Note: Companies offering on-marketplace plans were allowed to make an alternative filing on August 21 pursuant to AID Bulletin 14-2017.
*Update (10/16): Due to the change in federal policy regarding Cost Sharing Reduction (CSR) payments, the Arkansas Insurance Department has approved new average rate increases for Individual On/Off Market Plans for PY2018.