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Carrier News

News – BCBS Seeks 57-59% Rate Increase for 2017 Individual Plans

BCBS has requested rate increases ranging from 57-59% on their individual medical plans for the 2017 calendar year. Insurers were required to file their 2017 last month. Those filings are available to the public at https://ratereview.healthcare.gov.

More information about BCBS’s rate adjustments will become available as we get closer to the start of the 2017 Open Enrollment Period. What we know…

  • The 57-59% rate adjustment is the average adjustment to the entire state pool. The actual rate adjustment will vary by plan and rating area.
  • BCBS will continue offering HMO plans in all TX counties. They eliminated PPO plans for 2016.
  • BCBS’s current product portfolio will remain largely intact aside from various benefit design changes to maintain actuarial compliance.
  • BCBS’s rate increase is justified from an actuarial standpoint.
  • The overwhelming majority of BCBS’s current ACA-compliant policyholders are enrolled on the exchange with a subsidy. Exchange subsidies will keep the premium cost low for people who are eligible for them.

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