Any insurance company, health maintenance organization or health service plan authorized to offer health insurance coverage, as that term is defined in the Illinois Health Insurance Portability and Accountability Act [215 ILCS 97/1 et.seq.], must file all proposed rate increases with the Department prior to its use.
The Health Premium Rate Review Program is designed to evaluate premium rate increases proposed by health care plans marketing in Illinois, protect consumers from unreasonable rate increases and educate consumers on the medical and administrative costs driving such increases. The Program covers individual and group major medical policies, hospital/surgical medical expense policies, and student/blanket policies; including any conversion coverage offered through these products.
Illinois Rate Review Information
Rate Review Webinars/Presentations
Current Premium Rate Filings in Illinois
Federal Regulations and Guidance
Federal Rate Review Reports
Rate Review Grants and Reports
Illinois Grant Application for Premium Review |
Illinois Grant Application for Premium Review Cycle II
2017 Cycle II FFY HHS PDF
2016 Cycle II FFY HHS PDF
Cycle II FFY 2015, Report to HHS
Cycle II FFY 2014, Report to HHS
Cycle II FFY 2013, Report to HHS
Cycle 1 and Cycle II FFY 2012, Quarter 4 Report to HHS
Cycle 1 FFY 2012, Report to HHS
Cycle 1 FFY 2011, Report to HHS
Medical Loss Ratios
The Medical Loss Ratio (MLR) provision of the Affordable Care Act (ACA), released on November 22, 2010 works in conjunction with the Premium Rate Review Program to increase the value that consumers receive for their health care premium dollars.
Medical Loss Ratio (MLR) refers to the portion of insurance premiums an insurer spends on health care and expenses to improve health care quality. The Affordable Care Act requires that a minimum of 80% (in the small group market) and 85% (in the large group market) of each premium dollar is spent on health care services and health care quality improvement and not on company overhead and administrative costs. The MLR regulations are codified as 45 CFR Part 158.
Insurers failing to meet the applicable MLR standard must pay rebates to consumers beginning in August 2012.
Federal Regulations, Guidance and Reports:
Illinois Comments to the NAIC Health Reform Solvency Impact (E) Subgroup
Illinois Comments to NAIC Actuarial Subgroup