Market Snapshot - Individual Medical
| Company (State of Domicile) NAIC# |
Number Insured1 |
Market Share |
| |
12/31/09 |
12/31/10 |
09/30/11 |
12/31/09 |
12/31/10 |
09/30/11 |
| Companies Currently Offering Coverage: |
| Anthem BC/BS (Maine) - 52618 |
|
|
|
|
|
|
| - PPO |
19,269 |
17,478 |
16,489 |
50% |
48% |
46% |
| - HMO Maine2 |
14 |
13 |
10 |
0% |
0% |
0% |
| Mega Life & Health (OK) 97055 |
12,607 |
12,969 |
14,094 |
33% |
36% |
39% |
| HPHC 18975 |
6,086 |
4,961 |
5,079 |
16% |
14% |
14% |
| Aetna Health (Maine) 95517 |
16 |
13 |
15 |
0% |
0% |
0% |
| CIGNA (Maine) 95447 |
10 |
0 |
0 |
0% |
0% |
0% |
| Harvard Pilgrim (MA) 96911 |
2 |
2 |
2 |
0% |
0% |
0% |
| Subtotal |
38,004 |
35,436 |
35,689 |
98% |
98% |
99% |
| Companies Renewing
but Not Offering New Coverage: |
| Golden Rule (IL) 62286 |
294 |
244 |
206 |
1% |
1% |
1% |
| Washington National (IL) 70319 |
87 |
66 |
56 |
0% |
0% |
0% |
| Prudential (NJ) 68241 |
81 |
72 |
61 |
0% |
0% |
0% |
| AXA Equitable Life 62944 |
76 |
73 |
62 |
0% |
0% |
0% |
| American Republic (IA) 60836 |
56 |
52 |
44 |
0% |
0% |
0% |
| State Farm (IL) 25178 |
32 |
25 |
21 |
0% |
0% |
0% |
| Mutual of Omaha (NE) 71412 |
1 |
0 |
0 |
0% |
0% |
0% |
| Other |
61 |
84 |
71 |
0% |
0% |
0% |
| Subtotal |
688 |
616 |
521 |
2% |
2% |
1% |
| TOTAL |
38,692 |
36,052 |
36,210 |
100% |
100% |
100% |
| 1 Unavailable data is estimated
and shown in bold. Yearly totals for Number Insured
reflect actual counts submitted from 940 reports and may differ
slightly from financial statement data. |
| 2 HMO Maine is a line of business
of Anthem Blue Cross and Blue Shield. |
| Recent Rate Increases |
| Aetna Health |
15.0% |
6 |
policies |
7/1/2006 |
|
American National |
25.0% |
1 |
contract |
1/1/2010 |
|
| 30.0% |
1 |
life |
2/15/2009 |
|
American Republic |
13.4% |
37 |
|
4/1/2010 |
|
| Anthem: HMO Maine |
20.9% |
17 |
lives |
10/1/2009 |
|
| Anthem: PPO |
12.5% |
13,502 |
policies |
1/1/2008 |
|
| Anthem |
5.2% |
11,000 |
|
7/1/2011 |
|
| 14.1% |
11,066 |
policies |
10/1/2010 |
|
| 5.0% |
0 |
|
9/23/2010 |
|
Central United |
30.0% |
1 |
policy |
1/1/2011 |
|
| CIGNA |
9.9% |
9 |
lives |
7/1/2009 |
|
| 4.3% |
14 |
lives |
9/1/2008 |
|
Golden Rule |
9.5% |
253 |
lives |
5/1/2011 |
|
| Harvard Pilgrim |
8.5% |
2 |
lives |
11/1/2010 |
|
HPHC (DirigoChoice) |
13.0% |
1,764 |
lives |
1/1/2012 |
1st Qtr 2012 |
| 10.1% |
557 |
policies |
10/1/2011 |
Annual increase for 4th quarter renewals |
| 2.8% |
608 |
policies |
7/1/2011 |
Annual increase for 3rd quarter renewals |
MEGA |
3.0% |
6,133 |
|
7/1/2011 |
Renewals |
| 8.0% |
0 |
|
6/1/2011 |
New business |
| 5.0% |
0 |
|
9/23/2010 |
Non-standardized |
| 5.0% |
0 |
|
9/23/2010 |
Standardized |
| Principal |
13.0% |
1 |
policy |
2/1/2009 |
|
Prudential |
22.0% |
3 |
policies |
11/28/2010 |
|
| 30.0% |
9 |
policies |
11/7/2010 |
|
| 30.0% |
8 |
policies |
8/1/2010 |
|
| State Farm |
30.0% |
2 |
riders |
8/1/2006 |
|
| United American |
10.0% |
1 |
policy |
9/15/2008 |
|
| 10.0% |
1 |
policy |
10/1/2007 |
|
| Pending Rate Increases |
None |
|
|
|
|
|
Source: Bureau of Insurance
Last Updated:
September 27, 2010
|
