IL| The Illinois Department of Insurance issued Company Bulletin 2025-03 to provide updated guidance on deadlines and procedures for small group ACA quarterly rate filings for Plan Year 2025. Health insurance issuers must submit rate changes by March 18, 2025 for July 1 effective dates and June 18, 2025 for October 1 effective dates. The Department will publish non-proprietary portions of these filings on March 25, 2025 and June 25, 2025, initiating 30-day public comment periods. Issuers are reminded to protect proprietary information under Section 7(1)(g) of FOIA to avoid unintended disclosure.
Key Points:
- Rate Filing Deadlines: March 18 (Q3 effective dates) and June 18 (Q4 effective dates) for Plan Year 2025.
- Public Disclosure and Comment Periods: Non-proprietary rate filings will be published on March 25 and June 25, followed by a 30-day public comment period.
