Health insurance

Missouri Department of Commerce and Insurance Releases Final Individual Health Insurance Rates for Plan Year 2022

Jefferson City, Missouri – Chlora Lindley-Myers, director of the Missouri Department of Commerce and Insurance, announced the release of final 2022 personal health insurance rates for the state of Missouri.

“The health insurance market in our state and our country continues to be difficult, however, I am pleased with the significant increase in competition that we have seen in Missouri this year,” said Lindley-Myers. “Half of our counties in Missouri now have at least three health insurers competing for business in the individual market. “

Lindley-Myers notes that, like in previous years, Missouri has at least one insurance company offering health plans in every county in Missouri. There are nine carriers offering individual market health plans in 2022 in the state. Three insurers have dramatically increased the number of counties in which they operate while a fourth insurer, Aetna, has re-entered the personal market in Missouri. Missouri health insurers offer both on-market and over-the-counter plans, and most health insurers offer a variety of health plans for Missourians to choose from. Consumers can access cover card for more information on the companies in their department.

Health carriers have filed tariffs for 2022 amid continued unusual circumstances due to COVID-19. The final rates for the individual plans reflect this unpredictability, with rate changes ranging from an average decrease of 6.86% to an average increase of 15.46%.

Missouri residents can access the final rates and find more information about the rate review process on the department’s website at: https://insurance.mo.gov/industry/filings/healthrates/. The final posted rates do not reflect any premium subsidies that may be offered to consumers through the federal government.

Open enrollment for the 2022 plan year begins November 1 and ends January 15, 2022. The ministry encourages consumers to shop carefully for health insurance coverage. “It’s important to consider more than the cost of premiums when choosing your health plan for 2022,” Lindley-Myers said. “Companies can change the type of policy they sell from year to year. Networks can vary from year to year and often differ depending on where you live.

Missouri residents who are considering another type of health insurance, such as short-term health insurance or an association health plan, can consult the Guide to low cost health insurance or contact the ministry’s consumer helpline where a specialist can help.

For more information and to use the buying tool, visit the Department’s website at www.insurance.mo.gov or call the Consumer Insurance Hotline at 800-726-7390.


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