News  Division of Insurance Public Information Session Regarding Merged Market Health Insurance Rates

In accordance with the provisions of 211 CMR 66.08(3)(e), the Division of Insurance (Division) has scheduled a virtual Public Information Session that will begin at 9:30 A.M. on Wednesday, June 14, 2023 for health insurance carriers to present their proposed merged market health insurance rates for 2024.  Those interested in attending the Public Information Session may Click here to join the meeting virtually or may join by calling 1-857-327-9245 with meeting code of 918 272 564#.

Carriers were required to submit their proposed 2024 premium rates for coverage to be offered to individuals and small businesses with up to 50 eligible employees by May 15, 2023.  All rate filings will be reviewed by the Division for compliance with statutory standards that require, among other things: projected Medical Loss Ratios to be greater than or equal to 88%, administrative expenses not to increase more than the medical CPI for New England, and contributions-to-surplus not to exceed 1.9%.  Rate filings are subject to disapproval if the Division finds that rates are not reasonable in relation to health plan benefits, or if they are excessive or inadequate or use rating factors that are discriminatory or not actuarially sound.

The Division is making summary information about these rate filings available for viewing online at 2024 Health Insurance Rates | Mass.gov. The following insurance carriers have submitted merged market rate filings for coverage effective beginning January 1, 2024:

Blue Cross and Blue Shield of Massachusetts, Inc.    

Boston Medical Center Health Plan, Inc. (d/b/a WellSense Health Plan)

ConnectiCare of Massachusetts, Inc.                                                                                    

Fallon Community Health Plan, Inc.

Harvard Pilgrim Health Care, Inc.                 

HPHC Insurance Company, Inc.

Health New England, Inc.                 

Mass General Brigham Health Plan, Inc.

Tufts Health Public Plans, Inc.         

UnitedHealthcare Insurance Company

After each company has made its 10-15 minute presentation, representatives from the health insurance carriers will respond to questions posed by Division staff. 

Following the conclusion of the presentations made by all the insurance carriers, the Division will allow interested parties to provide comments.    Comments will be taken first from elected officials, then from those who have notified the Division of their intent to comment, followed by those who have not signed-up in advance to comment.  In order to accommodate the number of persons who may wish to comment in this Public Information Session, public comments will be limited to 5 minutes per person.

 Anyone wishing to speak at the virtual session can sign up by e-mailing Rebecca Butler at rebecca.butler@mass.gov and Kevin Beagan at kevin.beagan@mass.gov with your name no later than June 9, 2023.  In addition, written comments will be accepted by the Division through 5 P.M. on Wednesday, June 28.  All such comments should also be sent to the attention of Rebecca Butler and Kevin Beagan.  All submitted written comments will be posted to the Division’s website.