Skip to main content

Blue Shield CA Cancels May 1 Rate Increase

Blue Shield of California has announced this evening that the health insurer is officially withdrawing the proposed May 1 rate increase. Blue Shield is further guaranteeing no further rate action for the remainder of 2011 on all CDI (CA Dept of Insurance) registered PPO plans (excluding HIPAA and Conversion). This affects approximately 340,000 California residents.

Blue Shield originally proposed a rate increase set for March 1, 2011 (The third since October , 2010). The carrier agreed to hold off 60 days on that rate increase to allow California Insurance Commissioner Dave Jones time to have an audit of the rate increase performed. The audit found the rate increase to be in-line and justified.

Those currently enrolled on Blue Shield CDI-registered underwritten PPO plans (not including HIPAA or Conversion) will have no rate change at all until at least 1/1/12.

Read Blue Shield's Press Release here

Dave (davefluker.com)

Comments

  1. Let's see if I understand this.

    Blue Shield is bleeding red and will have a huge negative this year.

    The independent actuaries said the increase was correct.

    The insurance commission apparently convinced the company to not only cancel the increase, but to hold rates for the rest of the year.

    So my question is much longer can a company survive losing money and why did they agree to this?

    Rick

    ReplyDelete
  2. Good questions and I doubt we will ever get a good answer.

    ReplyDelete

Post a Comment

Popular posts from this blog

Anthem Blue Cross (CA) Adding SilverSneakers® Fitness Program

Anthem Blue Cross (CA) announced this morning that they will be adding the SilverSneakers Fitness Program to California Medicare Supplement Plans A, F, and N.  The added benefit will begin on January 1st, 2017. 

Once approved for release into the market, more states have been added to the list as existing and new members in our marketed plans will enjoy the value-added benefits of the SilverSneakers Fitness program at no additional cost! Effective January 1, 2017, California members in our marketed plans will enjoy SilverSneakers, too.  The program offers members their choice of paths to better health. For those who enjoy a traditional workout setting, SilverSneakers offers access to more than 13,000 fitness locations across the country, including use of classes and guidance from a Program AdvisorTM. In addition, for those who can’t get to a fitness center, SilverSneakers Steps® kits focus on at-home or on-the-go general fitness, walking, strength training or yoga. And if that is not …

How Will Donald TRUMP ObamaCare?

With the election of Donald Trump as the next US President, healthcare reform and ObamaCare are on the chopping block.  There is media speculation that a transformation away from the current ObamaCare system will be rather immediate once Donald Trump is sworn into office in January.  


While changes are certainly coming, I would not expect a wholesale changeover immediately, but rather over the course of 2017.  My hope is to see an open market available at any time during the year (like it used to be) instead of an abbreviated Open Enrollment Period.  

Below are some key points to a Donald Trump-Care system and a link to his Healthcare Reform Paper which goes into more detail...



 1. Completely repeal Obamacare. 2. Modify existing law that inhibits the sale of health insurance across state lines. 3. Allow individuals to fully deduct health insurance premium payments 4. Allow individuals to use Health Savings Accounts (HSAs). 5. Require price transparency from all healthcare providers.6. Bl…

2016 Open Enrollment Has Begun

Here to kickoff the 2016 open enrollment period which will run from November 1, 2015 to January 31, 2016.  

It is important to remember that during the open enrollment period all rules regarding SEP (special election period) enrollment dates for loss of employer coverage are off of the tablle. Than means no retroactive start dates on the Covered California health exchange.

Remember during open enrollment you may sign up for any available health insurance plan either off- or on-exchange with no medical underwriting.

My site features live free instant quotes and online applications for off-exchange subscribers.

For Covered California exchange subscribers, I can take your information over the phone and set up your account on Covered CA for you.  You would need to log in with a special code I would provide upon submission of the application and select your plan/pay the initial premium via Covered CA.  

Carrier for 2016 include:

*Anthem Blue Cross PPO, Tiered PPO and HMO
*Blue Shield of Californi…