BCBSVT Rate Review Decision Issued

On February 10, 2021, Blue Cross Blue Shield of Vermont submitted a consolidated annual Large Group Rating Program Filing that will take effect in the third quarter of 2021 for four quarters. The overall indicated change requested is -0.6%. On May 7, 2021, the Board approved an average premium change of -1.7%.

Docket No.: GMCB-001-21rr

SERFF: BCVT-132713612 (as of May 10, 2021)

Date Posted to Web: Febraury 11, 2021

On May 8, 2020, BCBSVT proposed an average annual increase of 6.3% over 2020 premiums offered on Vermont Health Connect, with proposed increases per plan ranging from -0.7% to 13.3%. On August 14, 2020, the Board modified and approved an average annual rate increase of approximately 4.2%, with individual plan-level increases ranging from -2.6% to +11.0%

Docket No. GMCB-005-20rr

SERFF No. BCVT-132371410 - Final 

Date Posted to Web: May 11, 2020

Date Updated: August 14, 2020

Blue Cross and Blue Shield of Vermont (BCBSVT) submitted an annual Association Health Plan (AHP) rate filing that will take effect January 1, 2021. On August 28, 2020 the Board modified and approve the BCBSVT AHP rate filing. To read the Board's decision, please see the GMCB Decision & Order below. 

Docket No. GMCB-004-20rr

SERFF No. BCVT-132360219  - Final

Date Posted to Web: April 30, 2020

Date Updated: August 28, 2020

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 2020 for four quarters. On 7/17/2020, the Board modified and approved a manual rate increase of approximately 0.7% and the average group may experience a premium increase of approximately 4.7%. 

Docket No. GMCB-002-20rr

SERFF: BCVT-132350241 - Final 

Date Posted to Web: April 24, 2020

On May 10, 2019, BCBSVT proposed an average annual increase of 15.6% over 2019 premiums offered on Vermont Health Connect. Proposed increases per plan ranged from 9.1% to 18.5%. Following a review by Lewis & Ellis, the Green Mountain Care Board’s contract actuaries, BCBSVT reduced its requested increase from 15.6% to between 14.3% and 14.5%. On August 8, 2019, the Board modified and approved an average annual increase of 12.4%, with plan-level increases ranging from 6.0% to 15.5%.

Docket No. GMCB-006-19rr

SERFF No. BCVT-131936226 - Final 

Date Posted to Web: May 13, 2019 

Date Updated: October 21, 2019 

Blue Cross and Blue Shield of Vermont has submitted an annual Association Health Plan rate filing that will take effect January 1, 2020.

Date Updated: 05/24/2019

BCBSVT proposes an average annual increase of 7.5% over 2018 premiums offered on Vermont Health Connect. Proposed increases per plan range from 1.25 to 18.87%. Note, many Vermonters will qualify for more premium tax credits to help with the highest increases. On July 18, 2018, BCBSVT Amended this filing to propose an average annual increase of 9.6% over 2018 premiums offered on Vermont Health Connect. On August 14, 2018, the Green Mountain Care Board ordered BCBSVT to reduce rates from 9.6% to 5.8%.

Docket No. GMCB 009-18rr

Blue Cross and Blue Shield of Vermont proposes an average annual rate increase of 11.2% for large group employers. This rate affects 14,216 Vermonters. On June 13, 2018, the Green Mountain Care Board issued an order reducing the rate to an estimated 9.8%.

BCBSVT proposes an average annual increase of 12.7% over 2017 premiums offered on Vermont Health Connect. Proposed increases per plan range from 5.8%-14.6%.

Docket No. GMCB-008-17rr

SERFF No. BCVT-131037743

Plain Language Summary

Date Posted to Web: 05/12/2017

Date Updated: 08/10/2017