BCBSVT Rate Review Decision Issued

BCBSVT 3Q15 Large Group Rating Program Filing

Filing Status: 
Approved with Modification
Decision Date: 
Tuesday, May 5, 2015

Blue Cross Blue Shield of Vermont has submitted a consolidated annual Large Group Rating Program filing that will take effect in the third quarter of 2015. The filing includes factors that have been previously filed separately, including medical and drug trends, large claims, benefit relativity, administrative costs, and contribution to reserve. 

Docket No. GMCB-003-15rr

Date Comments Close: 
Monday, April 20, 2015

BCBSVT 2015 Vermont Health Connect Rate Filing

Filing Status: 
Approved with Modification
Decision Date: 
Tuesday, September 2, 2014

BCBSVT proposes an average annual increase of 9.8% over 2014 premiums offered on Vermont Health Connect. The Board modifies and approves and average annual increase of 7.7%.

Plain Language Summary

Docket No. GMCB-018-14rr

SERFF No. BCVT-129572217

Updated: 9/18/14

Date Posted to Web: 6/3/14

Date Comments Close: 
Monday, August 18, 2014

BCBSVT Fourth Quarter 2014 Through Third Quarter 2015 Administrative Expense and Contribution to Reserve Filing

Filing Status: 
Approved with Modification
Decision Date: 
Thursday, July 3, 2014

BCBSVT proposes a 1.2% administrative expense trend and a 2% contribution to reserve to be incorporated into rates for members renewing or enrolling in the fourth quarter 2014 through the third quarter 2015.

Docket No. GMCB-016-14rr

SERFF No. BCVT-129486744

Date Posted to Web: 4/8/14

Motion to Reconsider

Date Comments Close: 
Wednesday, June 18, 2014

BCBSVT Third and Fourth Quarter 2014 Trend Factor Filing

Filing Status: 
Approved
Decision Date: 
Monday, May 5, 2014

BCBSVT proposes using a medical trend factor of 4.7% and pharmacy trend factor of 7.6%, for a combined 5.2% trend factor for the third and fourth quarters of 2014.

Docket No. GMCB-012-14rr

SERFF No. BCVT-129403752

Posted to Web: 2/4/14

DECISION

HCA Notice of Appearance

Date Comments Close: 
Monday, April 21, 2014

BCBSVT 2014 Provision for Large Claims and Stop Loss

Filing Status: 
Approved
Decision Date: 
Friday, April 11, 2014

This filing determines the factors BCBSVT uses to predict the cost of large health insurance claims and the pricing of stop loss coverage for self-insured groups. Large claims pooling and stop loss coverage provide financial protection against unexpectedly high medical claims, which unlike the costs of routine care, can vary significantly year-to-year.

Docket No. GMCB-006-14rr

SERFF No. BCVT- 129374060

Date Posted to Web: 1/14/14

Date Comments Close: 
Friday, March 28, 2014

BCBSVT 2014 Charge Factors for Aggregate Stop Loss, Risk & Administration Charges for Experience Refund Eligible Product

Filing Status: 
Approved
Decision Date: 
Friday, April 11, 2014

This filing determines BCBSVT's stop loss and proposed risk charges, both designed to protect employers from unexpectedly high total health care claims. The filing also includes proposed administrative charges for employers that pay a surcharge on top of the rate, which they may receive as a refund if the group's actual medical claims are less than expected.

Docket No. GMCB-004-14rr

SERFF No. BCVT-129373971

Date Posted to Web: 1/14/14

Date Comments Close: 
Friday, March 28, 2014

BCBSVT 2Q14 Benefit Relativity Factor Filing

Filing Status: 
Approved
Decision Date: 
Friday, April 11, 2014

This annual filing describes the methodology for determining a set of "benefit relativities" - the relative value of insurance plans with varying benefits - for the rating of BCBSVT large group plans, effective the second quarter of 2014.

Docket No. GMCB-002-14rr

SERFF No. BCVT-129370654 

Date Posted to Web: 1/14/14

Decision

Date Comments Close: 
Friday, March 28, 2014

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