Regence BlueCross BlueShield of Oregon has filed for a 4.5% average premium increase, impacting 47,806 Oregonian with small-employer-sponsored coverage, effective April 2012.
According to the insurer, the proposal represents a 2.2% decrease from the previously-approved rate increase, due to lower-than-expected medical utilization.
Regence appears to have lost over 11% enrollment in its small business plans since the insurer’s last filing in March of 2011, when it reported enrollment of 54,299.
According to the filing, some employers could see rates increase as much as 8.5% while others could see a decrease of as much as 6.6%. The exact impact depends on the ages of employees, geographic location, and other factors.
January 5th, from 2:00-3:30pm the Oregon Insurance Division willhttp://www.blogger.com/img/blank.gif hold a public hearing on this pending rate increase. More information on the hearing is available on the Division’s website.
OSPIRG Foundation’s Health Insurance Rate Watch project will analyze the ODS Health Plan proposed rate increase, submit an comment to the Insurance Division and post it on the OSPIRG website.
Read the Regence rate hike proposal and post a comment of your own. The deadline for public comments is January 7, 2012.
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