More great news for Tennesseans who are covered under the health insurance marketplace. It was just announced that BlueCross BlueShield of TN will be reducing rates by an average of 15% in 2019. Cigna, the second largest carrier in Tennessee will be dropping rates by nearly 13%.
We were expecting lower health insurance costs next year but with the announcement from the Trump Administration that they will allow the "risk adjustment payments" the carriers risk level was reduced.
What will this mean for small groups have are covered under group Essential Health Benefit "EHB" plans? We can only hope we see similar decreases.