UnitedHealthcare files for small group rate decreases

UnitedHealthcare has filed for small group rate decreases with the California Department of Insurance. The new rates would be effective October 1, 2016. The new UnitedHealthcare rates are for the Select, Select Plus, Core, and Non-Differential insurance plan products.

As stated in UnitedHealthcare’s rate filing for the Department of Insurance, the overall rate decrease would be -3.30%. According to the actuarial memorandum included in the filing,

The proposed rates represent an average decrease of 3.3% relative to the currently filed January 1, 2016 rates.  Requested rate changes vary by geography with an average 3.7% decrease in Southern California and a 2.7% decrease in Northern California.  The proposed rates are reasonable as defined below.

However, some members of the plans noted may receive premium increases depending on their age and geographical location. Within the Experience Period Premium and Claims section of justification, UnitedHealthcare anticipates paying Medical Loss Ratio rebates for the health plans noted in the filing.

UHC California Department of Insurance Rate Filing UHLC-130590475

Download UnitedHealthcare’s rate filing justifications which include the new rates by region and age.