Anthem Blue Cross Small Group Updates, Effective October 1, 2011
Posted by Gary Whiddon on Jul 11, 2011 in Anthem Blue Cross | 0 comments
Small Group MedicalAfter reasonable January and April increases, as well as a rate pass on most plans in July, Anthem is pleased to announce another low trend increase for October. Small Group Rate change Overview*
The rate increases for Anthem’s 51–99 EmployeeElect portfolio are identical to Small Group for October. However, the total rates for these plans will vary slightly. Rate Adjustments—EmployeeElect PortfolioHMO Plans:Anthem’s HMO plans will experience a new business average increase of approximately 4.9%.*
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Reminder: Select HMO is available with all of Anthem’s HMO plans and it can save groups approximately 11%.*
PPO Plans:Anthem’s PPO plans will experience a new business average increase of approximately 2.7%.*
These plans will not experience a rate increase:
Lumenos Plans:Anthem’s Lumenos Health Savings Account (HSA)-compatible plans will experience a new business average increase of approximately 3.4%.*
The Lumenos HIA+ plans will not experience a rate increase. Fourth Quarter Renewal IncreasesThe October through December renewal increases will vary due to the rating changes Anthem Blue Cross has gone through in the past year. Anthem has had variances by product and region; however, they are pleased to announce an average renewal increase on their EmployeeElect plans for these three months of 10.6%. New HRA PlansEffective October 1, 2011, Anthem Blue Cross will have four Health Reimbursement Account (HRA) plans in their EmployeeElect portfolio.
Highlights:
Benefit Changes**Effective October 1, 2011, all of Anthem’s Small Group plans will experience some benefit changes. Highlights of Benefit Changes:HMO Plans:
PPO Plans:
Elements Plans:
To get details on the new Elements Hospital plan design, please contact us, your local LISI sales team. Saver HMO Plans:
To get details on the new Elements Hospital plan design, please contact us, your local LISI sales team. Pharmacy Plans
Plan DiscontinuationIn an effort to streamline Anthem’s HMO portfolio, they are discontinuing and migrating members off the Select HMO plans.
Ninety-day discontinuation notices will merge with the Lumenos Plan Discontinuation schedule beginning with October 1, 2011 Renewals.
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Important Dates
- July 11:RAF engines and rate guides are available on Anthem’s sites; rating are available through general agencies and quoting vendors.
- July 12:Online renewals are posted for October.
- July 13:Broker renewals for October will go out.
- July 15:A webinar will be offered to Anthem’s general agents.
- July 27:Group renewals for October will go out.
- August 1: Rating goes live on Anthem’s Web site.
HPO Categories
Gary Whiddon
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Gary Whiddon
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