August 2014 updates for Blue Shield Medicare Supplement plans

Blue Shield has not raised rates for their open plans since 2012. While they constantly strive to keep costs as low as possible, sometimes the rising cost of health care makes rate changes unavoidable. A number of things contribute to this rise in costs, including hospital upgrades, new technologies, higher costs for physician services, and higher inpatient and outpatient care costs. Learn more Medicare Supplement open plan rates The rate action for August 1, 2014, includes only our open Medicare Supplement plans and excludes regions 1 and 6: Plan F will receive an average rate increase of 5.2% Plan A will receive an average rate increase of 3.8% Plan C will receive an average rate increase of 4.2% Plan D will receive an average rate increase of 3.1% Plan N will receive an average rate increase of 4.4% High Deductible Plan F will receive an average rate increase of 1.3% Plan K will receive no rate increase Medicare Supplement Plan I (with Rx or without Rx) refund mailing Blue Shield must spend a certain minimum percentage of plan dues on health care. In 2013, the claims submitted for members in this plan did not meet that required minimum percentage, so we are sending a refund on May 30, 2014, in the amount of $914.86 to each of your clients enrolled in this plan. Special enrollment period extended through June 30, 2015 During Blue Shield’s special enrollment period, any Medicare Supplement plan clients may transfer to any open Blue Shield Medicare Supplement plan with benefits equal to or less than benefits in their existing plan without underwriting. If Bedrosian &...