BCBSVT Rate Review Decision Issued

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 2017 for four quarters.

Docket No. GMCB-004-17rr

SERFF No. BCVT-130935599

Date Posted to Web: 2/27/17

Date Updated:  7/3/17

Decision and Order on Motion to Reconsider

BCBSVT proposes an average annual increase of 8.2% over 2016 premiums offered on Vermont Health Connect. Proposed increases per plan range from 5.2%-10.9%.

Docket No. GMCB-008-16rr

SERFF No. BCVT-130567350

DECISION

Plain Language Summary (SERFF)

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 2016.  

Docket No. GMCB-003-16rr

SERFF No. BCVT-130453174

DECISION

BCBSVT Reply Memorandum

BCBSVT proposes an average annual increase of 8.4% over 2015 premiums offered on Vermont Health Connect. 

Docket No. GMCB-008-15rr

SERFF No. BCVT-130082559

Plain Language Summary

Date Posted to Web: 5/17/15

Date Updated: 8/24/15

DECISION

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

SERFF No. BCVT-129910512

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

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

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

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

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