Insurance ‘Rate Up’ Practice Common, Analysis Finds
At least 80% of individual health insurance plans charge higher premiums than they originally quoted applicants, a practice known as "rate up," according to an analysis of HHS data released this week by Health Pocket, a provider of online health plan shopping tools. According to the analysis, the health plans on average increased the premiums for 18% of applicants.
- "HealthPocket's 'Rate-Up' Roundup: Insurers Often Increase Prices During an Application" (Shinkman, Payers & Providers, 2/21).