Last Updated: November 18, 2015
The increase shown in any specific rate filing is not necessarily the increase an individual consumer or business will pay for insurance. An individual rate may be impacted by a number of factors including where the insured person lives and the type of policy. As a result, individual rate increases will vary.
It is also important to note that even though one insurance company may show the highest increase in a rate filing, it does not mean that company has the highest rates.
Remember, while the price you pay is important, buying the least expensive policy may not necessarily be a good idea. Looking only at benefits could be equally problematic and result in paying a higher than necessary premium. You should consider all of the following when choosing a company and a policy:
- Benefits, including any coverage exclusions or limits
- Service (what's involved in making a claim?)
- Financial strength and reliability of the company
- Company management philosophy
The Office of the Commissioner of Insurance (OCI) wants to make it easier for consumers to locate information about insurance policies and rate changes. As of October 15, 2015, insurance company filings electronically submitted to the Wisconsin Office of the Commissioner of Insurance are available through the new
SERFF Filing Access (SFA) Web site. The SFA Web site allows users to search for and download filings made available in accordance with Wisconsin's public access laws. If you are unable to find the requested filing or for filings processed prior to October 15, 2015, use
OCI's Policy Forms and Rate Filings Search.
Note: The average health insurance rate increase information included in health insurance filings is required by the U.S. Department of Health and Human Services to be included in all health insurer rate filings. OCI has concerns that the information required to be posted will be confusing to consumers. The rate increase information is calculated by using a weighted average based on a geographic distribution of plans and, as a result, has little relationship to an increase in any consumer's actual premium rate.