HMSA will raise rates for small businesses

Firms will see Hawaii Medical Service Association prices increase by 2.6%

By Kristen Consillio

kconsillio@staradvertiser.com

By Kristen Consillio

POSTED: 01:30 a.m. HST, May 24, 2012

~~<p>The Hawaii Medical Service Association will raise rates by 2.6 percent for roughly 9,500 small businesses on July 1, the Insurance Division said Wednesday.</p>
<p>The state's largest health insurer originally proposed a 3.9 percent premium increase for small businesses but lowered the rate request to 2.6 percent after the state questioned HMSA's projected medical costs.</p>
~~

The Hawaii Medical Service Association will raise rates by 2.6 percent for roughly 9,500 small businesses on July 1, the Insurance Division said Wednesday.

The state's largest health insurer originally proposed a 3.9 percent premium increase for small businesses but lowered the rate request to 2.6 percent after the state questioned HMSA's projected medical costs. Login for more...