VIDEO: Impact of ObamaCare on Blue Cross Blue Shield Rates
State’s largest insurance carrier announces refund and rate hike
RALEIGH (By Anthony Greco, Carolina Journal Online) — Blue Cross and Blue Shield of North Carolina and the Department of Insurance announced a refund and rate hike for some insurance customers Monday. The refund and rate increase affect only people with individual policies and not those insured in a group plan.
The Department of Insurance says more than 215,000 people will get refunds before the end of the year. The refunds are drawn from a pot of more than $155 million. Refunds will vary depending on individual premiums.
The same customers will see their rates increase next year. Policy holders with Blue Advantage will pay 5.37% more, and those with Blue Options HSA for Individuals will pay 2.06% more.
To view CarolinaJournal.tv's full report on the Blue Cross Blue Shield announcement, click on the video.
RALEIGH (By Anthony Greco, Carolina Journal Online) — Blue Cross and Blue Shield of North Carolina and the Department of Insurance announced a refund and rate hike for some insurance customers Monday. The refund and rate increase affect only people with individual policies and not those insured in a group plan.
The Department of Insurance says more than 215,000 people will get refunds before the end of the year. The refunds are drawn from a pot of more than $155 million. Refunds will vary depending on individual premiums.
The same customers will see their rates increase next year. Policy holders with Blue Advantage will pay 5.37% more, and those with Blue Options HSA for Individuals will pay 2.06% more.
To view CarolinaJournal.tv's full report on the Blue Cross Blue Shield announcement, click on the video.
posted by BP News Bureau | 12:30 PM
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