Wellmark holds public meeting on insurance rates - KWWL - Eastern Iowa Breaking News, Weather, Closings

Wellmark holds public meeting on insurance rates

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DES MOINES (KWWL)--  A public hearing will take place Thursday morning for Wellmark Blue Cross, Blue Shield's insurance rate increase.

The company is planning on an 11 percent rise in premiums for individual policyholders. It comes on the heels of an 18 percent increase last spring.

The meeting is at 9 a.m. at the Insurance Division offices in Des Moines.

The Iowa Legislature now mandates that companies hold public hearings for such large rate increases. The comments will be reported to the Iowa Commissioner of Insurance before a decision is made on the rate increase.

The final decision isn't expected until the end of the month.

 

 

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