The Florida Office of Insurance Regulation (OIR) announced today that premiums for Florida individual major medical plans in compliance with the federal Patient Protection and Affordable Care Act (PPACA) have been approved for plan year 2022. Following OIR’s rate filing review, the average statewide approved rate change on the Exchange is +6.6 percent for existing individual plans, beginning January 1, 2022.
Fourteen health insurance companies submitted rate filings for OIR’s review. Rate filing information is available in the Individual PPACA Market Monthly Premiums for Plan Year 2022 documents here.
During the 2022 open enrollment period, consumers are encouraged to review their coverage options on HealthCare.gov to find a plan which best suits their needs.
Federal review of the rate filing information has not been finalized by the Department of Health and Human Services and is subject to change. Information on individual filings can be found using OIR’s Insurance Regulation Filing System.
About the OIR
The Florida Office of Insurance Regulation (OIR) has primary responsibility for regulation, compliance, and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about OIR, please visit our website or follow us on Twitter @FLOIR_comm.