Wellmark Seeks 38 to 43% Hikes For Some Customers

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Des Moines, Iowa (AP) – About 30,000 Wellmark Blue Cross & Blue Shield customers next year could face big increases in their premium payments.

Wellmark plans to raise their premiums by 38 percent to 43 percent in 2017.

The steep increases will affect people who bought relatively new plans that comply with the Affordable Care Act. About 90,000 Wellmark customers who hold older individual plans are expected to face smaller increases, which will be announced in June.

The increases being proposed to state regulators don’t affect the Wellmark customers who have coverage through their employers. Their premiums are expected to increase less.

Wellmark Executive Vice President Laura Jackson says poor health and rising medical costs forced the company to seek state permission to raise premiums so much.

About Chris Berg 1353 Articles
Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki and a daughter Brynlee.