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Rate Information for Kaiser Foundation Health Plan of the Opm

Rate Information for Kaiser Foundation Health Plan of the Opm

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all right Kaiser please Begin by introducing yourselves and explaining your rate requests thank you hi I'm David leibert and I'm an actuary with Kaiser Foundation health plans in the Northwest and I'm here with Luke Hampton Luke will be presenting our small group rate filing first and then I will present our individual rate filing after that hi I'm Luke Hampton I'm here to talk about our small group filing we have a little over 26 000 members in our small group block of business we are requesting an average 8.8 percent rate increase with a Min rate increase of 2.9 and a maximum rate increase of 13.4 percent the primary drivers of the requested rate increase is change in medical costs and changes in a risk adjustment transfer payments there are no rating Factor changes for 2024 and we are not making any changes to our Geographic service area in 2024 either now for plan modifications new for 2024 is KP at home it is a program that allows members to receive select procedures and the comfo

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