Recently, Wellmark filed their proposed rate increases for individual and family plans with the Iowa Insurance Division. Less than 4% of Wellmark’s total business in Iowa are these individual and family plans. Their proposed rate increase is broken down over 4 categories per the department’s guidelines with an average increase across the four of a consistent 12%. In spite of the fact, we didn’t get a 12% pay increase.
This is still a good option compared to what else you have to choose from. If you would like me to lay out all your options so you can go home and consider and make your choices, accordingly, please know I’m here. Give me a call.