Assurant Health Insurance Rate Increases

Assurant health insurance plans have been cited for "unreasonable" health insurance premium increases more often than any other competitor.

Assurant units raised premiums in excess of 10 percent on individual health plans 31 times in 12 states since October, according to documents provided by the U.S. Center for Consumer Information and Insurance Oversight. The greatest increase was 24 percent on plans covering 17,666 people in Wisconsin in May.

Assurant is the only publicly traded health insurer cited by the agency this fiscal year.

For quite some time, Assurant health insurance plans in Georgia have been uncompetitive except in extreme examples. Their most popular copay plans have a lot of moving parts and an exceptionally high out of pocket on prescription drug benefits.

Insurers paid about $1.1 billion in rebates to about 12.8 million people for policies that didn’t meet the government’s medical loss requirement in 2011, according to the U.S. Assurant said it issued 192,237 rebates totaling about $44 million.

​For those keeping score that amounts to roughly $228 per policyholder.

​Factoring in their higher than average premiums in Georgia for comparable coverage and I doubt anyone is rushing out to buy an Assurant health insurance plan.