Image: taberandrew under CC 3.0
Bad news for Rhode Island health insurance consumers: the insurance commissioner just approved several premium increases.
The health insurance rate hikes, which become effective next year, are as follows:
- Blue Cross Blue Shield of Rhode Island: 9.8% for small and large business health insurance
- United HealthCare: 12.3% for firms with under 50 employees, and 8.4% for larger companies
- Tufts: 11% and 10.2%, respectively
On the bright side, these rate hikes are lower than those originally requested.