The Health Insurance Premium Rate Review (HIPRR) Division of the
Arkansas Insurance Department (AID) is charged with protecting
Arkansas health insurance consumers from unreasonable premium rate increases.
The Affordable Care Act (ACA) requires states to establish a process
for reviewing these increases. Under this rate review program, health
insurers seeking to increase Arkansas insurance premium rates must now provide consumers with easy
to understand information about the reasons for significant rate increases and post justification for those increases on their website.
The U.S. Department of Health and Human Services will also post these
justifications and other material on its website: www.healthcare.gov.
These steps are expected to bring greater transparency,
accountability and help moderate increases in Arkansas insurance premium rates and provide those who buy Arkansas health insurance with greater value for their premium dollar.