Indiana: *Final* avg. unsubsidized 2025 #ACA rate changes: -1.3%; UHC joining, US Health & Life leaving (updated)

Originally posted 6/24/24

via the Indiana Dept. of Insurance:

IINDIANA 2025 ACA FILINGS

The overall proposed average rate increase for 2025 Indiana individual marketplace plans is -1.6%.

The IDOI will finalize the review of the 2025 ACA compliant filings both on and off the federal Marketplace by August 16, 2024. The Centers for Medicare and Medicaid Services (CMS) will issue the ultimate approval for the Marketplace plans sold in Indiana. CMS will issue its approval on or before September 18, 2024.

General Note:

• The medical trend increase ranges from 5.5-11.6%. This varies depending on networks and experience of each carrier.
• The premium averages shown consist of a combination of catastrophic, bronze, silver, gold and platinum plans. The premium is reflected as an average; individuals may experience a rate increase or decrease dependent on the plan selection or auto-enrollment process.
• Within each metal level there are numerous plans with various cost sharing methods.
• All Celtic Insurance Company On-Exchange Plans offered in Policy Year 2024 will be mapped to plans to be offered by Coordinated Care Corporation in Policy Year 2025. The increase percentages shown above for Coordinated Care Corporation were calculated using the assumption that Celtic Insurance Company plans offered in 2024 remained with Celtic Insurance Company
• Celtic Insurance Company and US Health and Life Insurance Company will not offer plans on the Individual marketplace for Policy Year 2025
• Celtic Insurance Company will offer Individual Off Marketplace plans only
• All Savers Insurance Company, Humana Health Plan, and Humana Insurance Company will not offer ACA Small Group plans for Policy Year 2025.

UPDATE 9/19/24: The Indiana Insurance Dept. has uploaded the final/approved 2025 rate filings. There's only been a few changes here and there; overall, individual market plans will be dropping slightly (1.3%) while small group plans will see their rates increase by about 8.1%.

It's also worth noting that according to the official February 2024 on exchange effectuated data, over 100% of IN's individual market is enrolled on-exchange, which is of course impossible. I'm assuming the discrepancy is mostly due to the unknown number of US Health & Life enrollees.