Health Plan Premiums Shoot Upward

Changes in average renewal rates for midsize accounts, or health plans covering 51 to 500 workers, have ranged from decreases to increases of less than 10% for 50% of the participating brokers, the CIAB says.

But for small accounts, or plans covering 50 or fewer workers, changes in average renewal rates have ranged from decreases to increases of less than 10% for just 32% of the participating brokers, the CIAB says.

Meanwhile, on the group life side, about 63% of the participating brokers are reporting that premiums are holding steady or falling for small accounts, 79% are reporting steady or falling rates for midsize accounts, and 77% are reporting steady or falling rates for large accounts.