HELENA, Mont. (AP) - Montana Insurance Commissioner Matt Rosendale says he’s finalized next year’s rates for companies that sell health insurance policies through the Affordable Care Act’s federal exchange.
The rates approved Friday include premium rate hikes for two of the three companies.
Rosendale’s office said in a statement the rate proposals contained no deficiencies. The commissioner reviews the proposals, but can’t reject them unless they are discriminatory.
The Montana Health Co-op will raise rates for plans on the individual market that cover about 22,700 people in the state by an average of 10.3 percent.
PacificSource will raise its rates an average of 6 percent for individual plans covering about 12,400 people.
Blue Cross and Blue Shield didn’t propose a rate increase after an average rate hike of more than 22 percent last year.
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