BCBS will give a first year renewal rate cap of 9.5% to all new mid-market (51-150 segment) medical cases written effective Dec 2019 – Mar 2020.
To be eligible, groups must meet the following requirements:
- Have an effective date from 12/1/2019 to 3/15/2020
- Have 50-150 enrolled employees on the effective date of coverage
- Enroll in standard fully insured mid-market plans
- Renew with standard fully insured mid-market plans at the first renewal
For more information read BCBS’s official news article (Sep 25, 2019).