Wellmark says it won't join marketplace this year - KSFY News - Sioux Falls, SD News, Weather, Sports

Wellmark says it won't join marketplace this year

Posted: Updated:

The largest private health insurer in South Dakota has opted to not sell plans through the federal marketplace during the open enrollment period that begins in November.

Wellmark Blue Cross and Blue Shield says it will forgo participating in the Health Insurance Marketplace in South Dakota for an additional year.

The health insurer that sells plans in South Dakota and Iowa also says that it has filed its 2015 requested rates with the South Dakota Insurance Division. The company says if approved the "vast majority" of individual policy holders will see their rates increase on average by 7.9 percent.

The rate increases would take effect on January 1, 2015, if approved.

The company says there are about 82,000 individuals and small groups in South Dakota that are Wellmark members.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KSFY. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service or our EEO Report.