Alaska-Rate Review Law

  • Alaska requires prior-approval for HMO products. ALASKA STAT. § 21.86.070. The Department of Insurance has 30 days to approve or disapprove of the rates. HMO rates may not be excessive, inadequate, or unfairly discriminatory. ALASKA STAT. § 21.51.500, 21.86.070.
  • The state has no rate filing requirement for non-HMO products.
  • Non-profit insurers must file rates before use but the statute provides no approval mechanism. ALASKA STAT. § 21.87.190. Rates may not be excessive, inadequate or unfairly discriminatory.
  • Rates and rate filings are not publicly available on state agency websites; HMO rates filings are public “unless deemed confidential” whereas for non-profits “a detailed rate justification, including rate formulas is confidential.” ALASKA STAT. § 21.86.270; ALASKA STAT. § 21.87.190.

Information is based on review of state statutes and regulations and in some case, interviews with state insurance departments.