Oregon releases proposed 2019 health insurance rates
The proposed rates for 2019 individual and small group health insurance plans have been released.
For the individual market, seven companies submitted average rate change requests, which range from 1 9.6 percent decrease to a 16.3 percent increase.
The small group market has smaller average rate increases. Nine companies submitted requests ranging from a 4 percent decrease to a 9.4 percent increase.
“It’s early in the process, but we are encouraged to see two insurers expanding into new counties,” said Insurance Commissioner Andrew Stolfi. “Now it is time to start our open and thorough review process that allows Oregonians to provide input on the filings that affect them.”
Currently all counties have at least one carrier.
The Division of Financial Regulation will review and approve the requested rates. Preliminary decisions are expected to be announced June 29, and final decisions are scheduled for July 19.