BCBSVT Rate Review Decision Issued

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

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.