The rate request was filed July 12 and asks for a 7.8 percent base rate increase for all individual plans, a 34 percent increase for Summit County and nearby communities, and a 2.9 percent benefit factor increase for Peak Health plans, a local purchasing group.
Bright Health’s average rate increase request for 2023 for all plans is 21 percent.
A spokesperson for the state division of insurance told the Daily that the combined rate increase would result in a nearly 49 percent increase in individual premiums in Summit, Dolores, Grand, Lake, La Plata, Montezuma and San Juan counties.
The division of insurance investigates all rate requests. It last denied a rate increase in 2010. Public comment will be accepted until Aug. 1, with final rates published in October.
