BCBSVT Rate Review Decision Issued

Blue Cross and Blue Shield of Vermont (BCBSVT) submitted an annual Association Health Plan rate filing on May 16, 2023. The Board rendered its decision on August 14, 2023

Docket No.: GMCB-007-23rr

SERFF: BCVT-133676244

Date Posted to Web: May 20, 2023

Last Updated: August 21, 2023

On May 16, 2023, Blue Cross Blue Shield of Vermont (BCBSVT) submitted a 2024 Large Group Unit Cost Trend filing to update unit cost trend factors to align with those filed in the 2024 Vermont ACA Market rate filings in an effort to establish rates that are aligned with hospital budget requests that will be submitted on June 30, 2023.

Docket No.: GMCB-006-23rr

SERFF: BCVT-133676245

On May 9, 2023, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 14.5% over 2023 rates for small group plans offered on Vermont Health Connect, with proposed changes ranging from 13.2% to 15.8%. On August 7, 2023, the Board approved an average annual increase of approximately 13.3%.

Docket No.: GMCB-003-23rr

SERFF: BCVT-133654592

Date Posted to Web: May 10, 2023

On May 9, 2023, Blue Cross Blue Shield of Vermont (BCBSVT) proposed an average annual increase of 15.5% over 2023 rates for individual and family plans offered on Vermont Health Connect, with proposed changes ranging from 12.4% to 21.2%. On August 7, 2023, the Board approved an average annual increase of approximately 14.0%.

Docket No.: GMCB-002-23rr

SERFF: BCVT-133654578

Date Posted to Web: May 10, 2023

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. On August 14, 2023, the Board approved an average annual decrease of approximately 3.4%.

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