News and Music Discovery
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Ky. Health Insurance Companies Request Rate Hikes Averaging 17%

iStockPhoto

Health insurance companies in the commonwealth want to increase base rates by an average of 17% next year. 

The Kentucky Department of Insurance posted rate requests from the state's major insurance carriers on their website.

The base rate is one of several factors used to determine a person's premium, including age, sex and where a person lives. Individual premiums will vary.

State officials blame some of the increases on the failure of the Kentucky Health Cooperative. Many of their high-risk customers were picked up by other companies, leading to higher rates.

The requests cover plans sold on and off kynect, the state's health insurance exchange. Governor Matt Bevin plans to dismantle kynect by the end of this year.

Matt Markgraf joined the WKMS team as a student in January 2007. He's served in a variety of roles over the years: as News Director March 2016-September 2019 and previously as the New Media & Promotions Coordinator beginning in 2011. Prior to that, he was a graduate and undergraduate assistant. He is currently the host of the international music show Imported on Sunday nights at 10 p.m.
Related Content