We’re going from 3 carriers and 278 plans to 9 carriers and 975 plans, but rates are expected to go up 3 to 5%.
Indiana Department of Insurance general counsel Tina Korty said that’s one of the largest increases in the country. She said one of the reasons for the rise in carriers is that many insurers were waiting to see what happened in the first year of the Affordable Care Act.
“We also have some smaller providers who are coming in to provide to a few counties, but I think it’s a good sign for Indiana that we have many additional companies,” Korty said.
