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CareSource, Celtic will offer plans on Indiana's health care marketplace in 2018

Posted at 11:47 AM, Jun 22, 2017
and last updated 2017-06-22 23:25:32-04

INDIANAPOLIS -- Two insurance companies, CareSource and Celtic Insurance, have filed to offer plans on Indiana's health care marketplace in 2018, according to the Indiana Department of Insurance.

CareSource has requested a 2.2 percent rate increase for individual plans in 2018 which amounts to a premium average of $423.

Celtic has requested a 24 percent rate increase for individual plans in 2018 which translates to a premium average of $452.

On Wednesday, Anthem Blue Cross and Blue Shield and MDwise announced they were pulling out of Indiana's health care marketplace, citing uncertainty as to the future of the marketplace.

Anthem has reduced its 2018 plan in Indiana to an off-exchange medical plan in Benton, Newton, White, Jasper and Warren counties.

Anthem says the change will not affect anyone who has employer-provided health insurance, Medicare Advantage, Medicare Supplement, Medicaid or those who enrolled in "grandfathered" plans that were purchased before March 2010. 

The marketplace has already seen a drastic reduction in carriers from 2016 to 2017 with four pulling out before the beginning of the year

It's a big blow for the state which has already seen premiums rise by almost 70 percent since the Affordable Care Act was signed into law in 2010, according to the Department of Insurance.