Health insurance premium rates will rise for more than 75,000 Iowa residents next year after the state's insurance commissioner approved rate requests for four insurers Monday.
The insurers — Des Moines, Iowa-based Wellmark Blue Cross and Blue Shield, Urbandale, Iowa-based Coventry Health Care of Iowa, Minnetonka, Minn.-based Medica and Onalaska, Wis.-based Gundersen Health Plan — requested rate increases on individual plans from about 19 percent to 43 percent.
Approximately 21,900 Wellmark members will face an average increase of 42.6 percent. An additional 10,000 Wellmark Health Plan of Iowa HMO policyholders will see an average increase between 37.8 percent and 42.6 percent.
About 42,000 Coventry members will see an average 23 percent increase, approximately 1,367 Medica members will face an average 19 percent increase and about 88 Gundersen members will shoulder an average 19.8 percent increase.
Rates are effective Jan. 1.
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