BCBSVT Rate Review Decision Issued

On February 10, 2023, Blue Cross Blue Shield of Vermont submitted a consolidated annual Large Group Rating Program Filing. This filing establishes the formula, manual rate, and accompanying factors that they will use for renewals beginning upon approval of this filing, most notably January 2024 renewals. The overall indicated change requested is 10.8%. On May 11, 2023, the Board modified and approved the filing. 

Docket No.: GMCB-001-23rr

Blue Cross and Blue Shield of Vermont (BCBSVT) submitted an annual Association Health Plan rate filing that will take effect January 1, 2023. On September 30, 2022, the Board issued its decision and order approving modifications to the 2023 BCBSVT AHP Filing.

Docket No.: GMCB-009-22rr

SERFF: BCVT-133316538

Date Posted to Web: July 12, 2022

Last Updated: October 12, 2022

On May 20, 2022, Blue Cross Blue Shield of Vermont (BCBSVT) submitted a consolidated Large Group Unit Cost Trend filing for Q4 2022 to update the unit cost trend factors to align with those filed in the 2023 Vermont ACA Market rate filings. On August 18, 2022, the Board modified and approved the filing. 

Docket No.: GMCB-007-22rr

SERFF: BCVT-133270497 (09/02/2022)

On May 6, 2022, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 12.5% over 2022 rates for individual and family plans offered on Vermont Health Connect, with proposed changes ranging from 9.9% to 16.1%. These numbers and/or percentages are subject to change throughout the rate and approval process. As of July 15, 2022, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 15.4% for Small Group plans over 2022 rates offered on Vermont Health Connect. 

On May 6, 2022, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 12.3% over 2022 rates for individual and family plans offered on Vermont Health Connect, with proposed changes ranging from 9.7% to 16.3%. These numbers and/or percentages are subject to change throughout the rate and approval process. As of July 15, 2022, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 14.9% for Individual plans over 2022 rates offered on Vermont Health Connect. 

Blue Cross and Blue Shield of Vermont (BCBSVT) submitted an annual Association Health Plan rate filing that will take effect January 1, 2023.

Docket No.: GMCB-003-22rr

SERFF: BCVT-133174900

Date Posted to Web: March 8, 2022

Last Updated: April 27, 2022

On February 17, 2022, Blue Cross Blue Shield of Vermont submitted a consolidated annual Large Group Rating Program Filing that will take effect in the third quarter of 2022. The overall indicated change requested is 7.90%.

Docket No.: GMCB-001-22rr

SERFF: BCVT-133154621

Date Posted to Web: Ferbuary 22, 2022

On May 7, 2021, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual decrease of 7.8% over 2021 rates for small group plans offered on Vermont Health Connect, with proposed changes ranging from -7.0% to -19.8%. These numbers and/or percentages are subject to change throughout the rate and approval process. On August 5, 2021, the Board reduced BCBSVT's rate request to -6.7%. 

Docket No.: GMCB-006-21rr

SERRF No.: BCVT-132829562

On May 7, 2021, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 7.9% over 2021 rates for individual and family plans offered on Vermont Health Connect, with proposed changes ranging from -2.5% to 9.8%. These numbers and/or percentages are subject to change throughout the rate and approval process.  On August 5, 2021, the Board reduced BCBSVT's proposed rate to 4.7% on average. 

Docket No.: GMCB-005-21rr

Blue Cross and Blue Shield of Vermont (BCBSVT) submitted an annual Association Health Plan rate filing that will take effect January 1, 2022. On June 1, 2021, the Board approved the rate filing with an anticipated average premium change of -1.3%. 

Docket No.: GMCB-004-21rr

SERFF: BCVT-132760913 (Updated June 4, 2021)

Date Posted to Web: March 15, 2021