Illinois residents who have their health care through the Affordable Care Act insurance exchange won’t know how much their premiums are increasing next year until August 1st. More than half the states have already disclosed those increases, but Illinois doesn’t require insurance companies to make their rate plans public when they submit them in April.
The August 1 date means that policyholders and consumer groups will have limited time to react to the expected increases or plan changes and little time to convince insurance companies to make changes in their offerings. Making matters worse, the Department of Insurance considers health plan filings confidential and exempt from Freedom of Information requests.
You may be able to get an idea of just how much rates could go up. As of Monday, 28 states have publicly disclosed rate proposals through ratereview.healthcare.gov. Indiana, Oregon and Washington have posted the information on their state insurance websites.