New York-based Excellus BlueCross BlueShield has proposed significant rate increases for many of its insurance products in 2012, according to a Democrat and Chronicle report.
According to the insurer's proposal, rates for HealthyBlue community-rated co-pay plans, which are popular with small businesses, would increase by 8.9 percent in 2012. Rates for some high-deducible plans would increase by 17.9 percent.
Some of the company's direct-pay HMO and point-of-service products are expected to decline in 2012 by 5 percent. The changes, if approved by the state Insurance Department, mirror expectations for private insurance nationwide in 2012, according to the report.
Nationally, premiums on average are expected to increase by 8.5 percent in 2012, following a slight downward trend in 2010 and 2011.
Read the Democrat and Chronicle report on premiums.
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According to the insurer's proposal, rates for HealthyBlue community-rated co-pay plans, which are popular with small businesses, would increase by 8.9 percent in 2012. Rates for some high-deducible plans would increase by 17.9 percent.
Some of the company's direct-pay HMO and point-of-service products are expected to decline in 2012 by 5 percent. The changes, if approved by the state Insurance Department, mirror expectations for private insurance nationwide in 2012, according to the report.
Nationally, premiums on average are expected to increase by 8.5 percent in 2012, following a slight downward trend in 2010 and 2011.
Read the Democrat and Chronicle report on premiums.
Related Articles on Billing, Coding and Collections:
Surgery Center Coding Guidance: Redo Laminotomy or Laminectomy Procedures
5 Key Questions on Surgery Center Managed Care Contracting: Q&A With Ken Bulow of Genascis
7 Situations When an ASC Might Not Need to Drop a Payor