Indiana's ACA Health Insurance Providers Propose Rate Hikes

Cheryl Sanders
June 23, 2017

The two insurers planning to offer medical coverage in IN through the federal Affordable Care Act in 2018 have proposed widely divergent price increases.

But on Thursday, state regulators announced that nine insurers have filed rates for 2018 coverage on the individual market where people buy insurance when they don't get it from work or a government program.

Health insurers Anthem and MDwise both announced recently that they are withdrawing from the ACA's IN marketplace next year.


The companies requesting to sell insurance were Florida Blue, Celtic Insurance Company, Florida Health Care Plan, Health First Commercial Plans, Health Options and Molina Healthcare. The average rate increase requested by the companies is 17.8 percent.

The insurers' proposed average monthly premiums are similar, however - $423.88 for CareSource and $452 for Celtic/Ambetter.

Celtic, a subsidiary of St. Louis-based Centene Corp., is asking for a minimum increase of 24 percent, with a maximum increase of 117 percent, state officials said.


MHS - better known in IN as Ambetter - would raise its average premium by 24 percent.

A spokeswoman for CareSource declined to offer additional details on their proposed rates and what they may mean for consumers. Celtic/Ambetter's average premium for this year by far was the lowest among the four insurers that sold policies in IN through the federal exchange.

Nationwide, prices for individual insurance could rise between 28 and 40 percent on average, according to a prediction by Oliver Wyman Actuarial Consulting.


An analysis by the Center for American Progress found that more than 440,000 veterans would lose Medicaid coverage by 2026 under the House of Representative's version of the bill-however, the Senate's proposal contains larger Medicaid cuts.

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