Why does my insurance company want to change its rates?

We created summaries in the health rate search tool to help you understand why companies believe they need to change rates. The data in the summaries is supplied by the company. You can find summaries for each request that include:

  • The average percentage change the company is requesting
  • When new rate takes effect
  • The number of people impacted
  • Information about how the company developed its rate
  • How the company will spend your premiums
  • Changes to benefits
  • The company's rate request history

To see a summary for any rate request:

  1. Go to the health rate search tool
  2. Click the dropdown and find the company name you're looking for
  3. Look under "Request details"

Part of our rate review includes double-checking and verifying the company's information. If we disagree with the company's data, we may deny the rate change. Learn more about how we review health rates. 

How can I find out more about your decision to approve or deny a rate request?

Once we've reviewed the rate request and made our final decision, we write a decision memo. Decision memos include:

  • Our reasons behind the decision to approve or deny the rate request
  • What we considered in our review
  • Key information the company used to develop its request
  • If we denied the rate request, why and because of what factors
  • Any changes to benefits.

To see a decision memo for any rate request:

  1. Go the health rate search tool
  2. Click the dropdown and find the company name you're looking for
  3. Look under "Request details"

How can I find out when my company wants to changes my rate?

You can sign up to get email notifications whenever your health insurer wants to change your rate. Once you've signed up and selected your company, we'll send you an email notification whenever:

  • Your health plan requests a rate change
  • The request is withdrawn
  • The request is revised
  • We've made our decision