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Arkansas Approves Insurance Rate Increases for Arkansas Works

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by Tyler Hale

The Arkansas Insurance Department has approved rate increases of up to 4.6 percent for insurance plans covered under Arkansas Works.

On Thursday, the department announced multiple rate increases for 2019 plans. Ambetter plans will see a 4.6 percent increase, QCA Health Plan will see a 1.5 percent increase, QualChoice Life and Health will have a 1.06 percent increase and Arkansas Blue Cross and Blue Shield will have a 4.4 percent increase.

In a press release, Arkansas Insurance Commissioner Allen Kerr suggested the rate increases demonstrate stability in the state insurance market. “This round of initial requests places Arkansas among the lowest in the country and shows that the health insurance market in Arkansas remains stable,” he said.

Over 300,000 individuals will be impacted by the 2019 rate increases. 186,510 Arkansas Blue Cross & Blue Shield policy holders, 85,373 Ambetter policy holders, 16,013 QCA Health Plan and 14,996 Qualchoice Life & Health policy holders will be affected by the increases.

Approximately 275,000 individuals were covered under the state Arkansas Works program at the end of the last fiscal year.

Arkansas Works is a hybrid Medicaid insurance program, and it uses both federal and state monies to buy insurance for Arkansas residents with certain income requirements.

RELATED: Read more about health care in Arkansas.

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