Market Snapshot - Individual Medical
| Company (State of Domicile) NAIC# |
Number Insured1 |
Market Share |
| |
12/31/06 |
12/31/07 |
6/30/08 |
12/31/06 |
12/31/07 |
6/30/08 |
| Companies Currently Offering
Coverage: |
| Anthem BC/BS (Maine) - 52618 |
|
|
|
|
|
|
| - PPO |
33,991 |
30,187 |
21,913 |
81% |
74% |
54% |
| - HMO Maine2 |
39 |
27 |
0 |
0% |
0% |
0% |
| Mega Life & Health (OK) 97055 |
6,797 |
9,757 |
11,257 |
16% |
24% |
28% |
| CIGNA (Maine) 95447 |
16 |
15 |
0 |
0% |
0% |
0% |
| Harvard Pilgrim (MA) 96911 |
14 |
6 |
6,843 |
0% |
0% |
17% |
| Aetna Health (Maine) 95517 |
10 |
9 |
9 |
0% |
0% |
0% |
| Subtotal |
40,867 |
40,001 |
40,022 |
97% |
98% |
98% |
| Companies Renewing
but Not Offering New Coverage: |
| Golden Rule (IL) 62286 |
519 |
463 |
414 |
1% |
1% |
1% |
| Prudential (NJ) 68241 |
155 |
128 |
114 |
0% |
0% |
0% |
| Washington National (IL) 70319 |
154 |
138 |
123 |
0% |
0% |
0% |
| American Republic (IA) 60836 |
85 |
53 |
47 |
0% |
0% |
0% |
| State Farm (IL) 25178 |
57 |
49 |
44 |
0% |
0% |
0% |
| AXA Equitable Life 62944 |
67 |
62 |
55 |
0% |
0% |
0% |
| Mutual of Omaha (NE) 71412 |
8 |
3 |
3 |
0% |
0% |
0% |
| Other |
49 |
35 |
31 |
0% |
0% |
0% |
| Subtotal |
1,094 |
931 |
833 |
3% |
2% |
2% |
| TOTAL |
41,961 |
40,932 |
40,855 |
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. |
Note: The Net Income (Loss) information formerly included in the Snapshot can be found at the link below.
http://www.maine.gov/pfr/insurance/hmo/financial.htm
| Recent Rate Increases |
| Aetna |
15.0% |
6 |
policies |
7/1/2006 |
| American National |
17.0% |
2 |
policies |
3/1/2008 |
| Anthem: DirigoChoice |
18.1% |
4,349 |
contracts |
3/1/2007 |
| Anthem: HMO Maine |
14.0% |
27 |
lives |
4/1/2008 |
| Anthem: H S A |
15.0% |
826 |
lives |
6/1/2006 |
| Anthem: P P O |
12.5% |
13,502 |
policies |
1/1/2008 |
| Central United |
50.0% |
3 |
policies |
3/6/2007 |
| CIGNA |
4.3% |
14 |
lives |
9/1/2008 |
| 5.2% |
16 |
lives |
3/1/2008 |
| Golden Rule |
12.0% |
247 |
policies |
4/15/2008 |
| Harvard Pilgrim |
8.0% |
13 |
lives |
12/1/2007 |
| MEGA |
0.0% |
5,506 |
lives |
1/1/2006 |
| Principal |
13.0% |
1 |
policy |
2/1/2009 |
| Prudential |
22.0% |
18 |
policies |
8/1/2008 |
| 30.0% |
17 |
policies |
7/1/2008 |
| State Farm |
30.0% |
2 |
riders |
8/1/2006 |
| Trustmark |
20.0% |
2 |
policies |
6/4/2008 |
| United American |
10.0% |
1 |
policy |
10/1/2007 |
| Pending Rate Increases |
| Central United |
40% |
1 |
policy |
|
| MEGA |
7.0% |
10,026 |
lives |
|
| United American |
10.0% |
1 |
policy |
9/1/2008 |
Source: Bureau of Insurance
