Insurances premiums likely to rise for Georgia exchange customers

Georgia insurance officials recently gave approval to increase premiums on those participating in next year’s state health insurance exchange.

The officials said the rate hikes assume that subsidies for insurers to lower consumers’ out-of-pocket costs will not be paid next year by the federal government. The premium increases are much higher than the rates that the four insurers on the exchange initially requested this summer.

Blue Cross and Blue Shield’s average rate increase for the 2018 exchange will be the highest under the scenario of no subsidies — 57.5 percent.

Ambetter of Peach State’s final average increase will be 51 percent.

The premium hike for Alliant Health Plans, which serves counties in north Georgia, rose to 53.3 percent, while Kaiser Foundation Health Plan increased its average premium to 56.7 percent.

 

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