Most Kentucky health insurance companies ask for higher rates in 2016

Health insurance companies selling plans on Kentucky’s state-run exchange have requested rate increases of as much as 25 percent for 2016.

The biggest proposed increase was 25.1 percent for the Kentucky Health Cooperative, the nonprofit that started with the help of a $58.8 million federal loan and has sold the most private plans of any health insurance company on kynect. The company got a 15 percent rate increase for 2015 along with another $65 million federal loan to help it stay solvent.

Anthem Health Plans of Kentucky asked for a 14.6 percent increase, CareSource asked for an 11.83 percent increase while Humana asked for a 5.2 percent increase. WellCare Health asked for a 9.28 percent decrease.

The rate requests are all averages based on the products those companies sell. Individual rates may vary.

Related Articles

Jury to resume work Friday in Holly Bobo murder case Jury deliberations will resume Friday morning in the case of a man charged with kidnapping, raping and killing a Tennessee nursing student.
How to get the most money for your smartphone New iPhones coming out means you're probably thinking about getting rid of your old one. Here's how to get the most for your old phone.
Paducah boat dock gives green light to tourists More than a dozen boats float alongside Paducah’s new transient dock on its opening day.
Christian singer Natalie Grant undergoing thyroid surgery Contemporary Christian singer Natalie Grant will undergo thyroid surgery to remove tumors.