Some Kentuckians to See Increase in Insurance Costs

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.

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