Pa’s individual health plan premiums to rise 4%
HARRISBURG (AP) — Premiums for health insurers’ individual policies in Pennsylvania for 2020 will reflect an aggregate statewide increase of 4%, with an increase of 10% in the small group market.
The Pennsylvania Department of Insurance said Thursday that the new plans will be available when open enrollment starts Nov. 1.
Premiums for individual health insurance policies dropped in the current year, after increases the two years before that averaged over 30% in Pennsylvania.
Gov. Tom Wolf’s administration says more insurers are entering the market, and the number of counties with only one insurer offering coverage in the individual market will decrease to six.
Consumers must sign up by Dec. 15 for coverage to take effect Jan. 1.