Black Hills Knowledge Netowork

South Dakotans buying health insurance via the Affordable Care Act exchanges will see premium hikes in 2015.
South Dakotans buying health insurance via the Affordable Care Act exchanges will see premium hikes in 2015.
Image by Michael Havens/Flickr
November 5, 2015

SD Insurors Increase Individual Premiums

The 73,000-or-so South Dakotans buying health insurance on the individual market will experience double-digit premium increases, including those buying through the Affordable Care Act exchange, reports the Associated Press

The biggest reported hikes are coming in plans that do not participate in the ACA exchange, where purchasers of insurance are eligible for federal subsidies. Dakotacare and Wellmark Blue Cross Blue Shield are planning premium increases of 63 percent and 43 percent respectively, affecting more than 19,000 policy-holders. Another group of about 36,000 Wellmark customers will experience 15 percent increases.

The two companies participating in the ACA exchange -- Avera Health Plans and Sanford Health Plan -- will experience increases of about 13 percent. 

Industry experts said the increases come after companies signed up populations that were sicker than expected and used high-priced prescription drugs and other healthcare services. 

Read more about health insurance coverage on the South Dakota Dashboard


Related items

  • Age, Poverty Correlate to Disability in South Dakota

    South Dakotans with disabilities are more likely to be older and in poverty than their counterparts without disabilities, according to federal data.  Those over age…
  • Finance Industry Drives SD To No. 2 GDP Growth

    Strong growth in the finance and insurance industries led South Dakota to the No. 2 spot nationally for growth in gross domestic product during the…
  • Upward Trend For Senior Citizen Homeownership in South Dakota

    More South Dakotans over age 65 have been owning their homes in a trend that appears to not be linked to the Great Recession of…

Get Involved!

  • Need more information? Rapid City Public Library associates are standing by to answer your questions! Ask away in the box below during business hours for live feedback.

    For more on this feature, click here.

  • bhkn donate

    Enjoy our work? Donate today to ensure that community members will have access to our wealth of news, history, and data for years to come.

  • 211 logoDid this post inspire you to get involved? Visit our partner¬†211's Volunteer Database to find volunteer opportunities in your community.

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]