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Today's Poll

What's your reaction to Maine's newly approved rate increases for health insurance?
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Poll Description

Maine health insurance rates are scheduled to rise significantly on Jan. 1, 2025, but state officials say the increases are modest compared to what they could have been.

The Bureau of Insurance recently approved rate increases averaging 8.6% for individual insurance and 9.4% for coverage of small groups — such as employers with 50 or fewer workers.

Insurers had initially proposed boosting their prices in both markets by averages of more than 14%. The bureau said it worked with the insurance companies and leveraged federal funds to reduce the hikes before OK'ing them.

In 2023, health insurance rate increases of 14.6% in both the individual and small-group markets were approved and took effect this year.