Record Number of Insurers Apply to Offer Insurance on Pennie during 2022
Insurance Department seeks comments on new rate requests
August 05, 2021
Pennsylvanians are expected to have more options than ever before on the state’s health insurance marketplace, Pennie, as a record number of insurers have applied to offer plans for 2022, state insurance officials said this week.
On Tuesday, the Pennsylvania Insurance Department (PID) announced that eight insurers have applied to offer plans in the commonwealth. As filed, multiple insurers would offer plans in all 67 counties. Some counties would have up to six insurers offering coverage, state officials said.
PID will analyze the requested rates during August. Final approved rates will be made public during September, officials said.
“Pennsylvania’s strong and competitive health insurance market is in a better position than it has ever been before, and as Pennsylvanians maneuver through the aftershocks of COVID-19, the increased affordability and plan options can provide a pathway to ensuring everyone has an opportunity to get covered,” Jessica Altman, Pennsylvania Insurance Commissioner, said in a statement.
Among the highlights from the requested rate filings:
- Insurers offering plans in the individual market filed rates with an average statewide increase of 2 percent
- Insurers that currently sell in Pennsylvania’s small group market filed plans with an average statewide increase of 4.8 percent
- As currently filed, no county would lose an on-exchange insurer. Twenty-two counties would add an additional insurer, and three counties would gain two insurers
“With these increased choices and the continued availability of the increased financial assistance through the American Rescue Plan in 2022, there is no better time to ensure financial protection and peace of mind by securing coverage for you and your family,” Altman said.
Public comment on rate requests can be provided via email. Additional details are available on PID’s website.
Nearly 330,000 Pennsylvanians are enrolled in coverage through Pennie, with 90 percent of customers receiving financial assistance to make their plans more affordable.
HAP encourages anyone who needs health insurance to visit Pennie and evaluate the available coverage options. The deadline to purchase health insurance coverage or change plans for 2021 is August 15.
With specific questions about your health insurance options or how to sign up, visit Pennie’s contact page. Consumers who need to shop for insurance can use the plan comparison tool, and customer service is available over the phone and online.
For questions or more information, contact Jolene Calla, Esq., HAP’s vice president, health care finance and insurance.