Public can weigh in on insurer rate hikes

GARDINER, Maine (AP) - The public can weigh in on proposed rate hikes on the individual health marketplace for 2020.

The Maine Bureau of Insurance is holding a public meeting July 25.

Insurer Anthem is requesting an average premium rate increase of 1%, while Harvard Pilgrim Health Care is requesting 1.9%. Meanwhile, Maine Community Health Options has proposed a 7.7% average rate increase for 2020.

Insurers expect new state laws mandating coverage of adult hearing aids and elective abortions will cost members a few more dollars a month.

Maine Community Health Options expects the individual market to shrink due to the repeal of the individual mandate that was a key part of former President Barack Obama’s signature health law.

New rates are effective January 1 if approved by the bureau.

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For more info:

https://www.maine.gov/pfr/insurance/legal/upcoming_hearings/hfai.html