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Sunday, November 2, 2014
HMSA 19% Rate Hike -- Family Plan $2073/month
By Andrew Walden @ 9:09 PM :: 7818 Views :: Health Care, Cost of Living

by Andrew Walden

Thousands of HMSA individual plan ratepayers who did not sign up for Obamacare-compliant policies last year are receiving “thank you for choosing HMSA” letters complete with a whopping 19% rate hike. 

The letters, dated October 27, 2014, and signed by HMSA CEO Michael Gold, inform ratepayers: "We're writing to let you know that the premiums listed below were filed with the State Insurance Commissioner for approval.  The approved premiums for your HMSA plan will be effective on January 1, 2015."

These are the proposed new monthly rates for a 52 year old non-smoker:

Single = $690.50

Two-Party = $1381.50 

Family = $2073.50

HMSA tells ratepayers, "we know that any premium increase can create a financial burden."  If approved, this would be the largest rate hike in recent HMSA history.

CRG Rate Increases, 2007-2014

Year     Rate Increase (Excluding Obamacare Fees)
2007     7.2 percent
2008     9.9 percent
2009     12.5 percent
2010     7.6 percent
2011     3.7 percent
2012     2.6 percent
2013     4.8 percent
2014     4.9 percent


PDF: HMSA Letter to Ratepayers



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