The Kentucky Department of Insurance announced late last
week that it has completed its review of the individual and small-group
insurance rates filed in the Kentucky market. The rates will be used to
calculate insurance premiums for the 2020 benefit year.
Kentuckians in the individual market will once again
experience changes in premiums and plan offerings. Kentuckians will see an
average rate increase of 9.7 percent for Anthem Health Plans of Kentucky, which
is a 2.3 percent decrease from the proposed rate filing. Consumers will also
notice an average rate decrease of 4.5 percent for CareSource Kentucky plans.
The actual rates charged will vary based on individual plan selection and
factors.