insurance

Blue Cross seeks 4.4% hike in Direct Pay rates

BLUE Cross & Blue Shield of Rhode Island, the state’s largest health insurer, filed a request with the Office of the Health Insurance Commissioner seeking a 4.4. percent increase for its Direct Pay customers. If approved, the rate increase would take effect on April 1, 2012.
Posted 11/25/11

PROVIDENCE – Blue Cross & Blue Shield of Rhode Island, the state’s largest health insurer, filed a request with the Office of the Health Insurance Commissioner seeking a 4.4. percent increase for its Direct Pay customers. If approved, the rate increase would take effect on April 1, 2012.

Last year, Blue Cross requested a 8.1 percent hike in rates but received only a 1.9 percent rate increase. The roughly 15,000 individual and family plan members who purchase their insurance with no employer contribution are among the most vulnerable health insurance consumers, according to R.I. Health Insurance Commissioner Christopher F. Koller.

Blue Cross is the only Rhode Island health insurer that offers coverage to Rhode Island residents who are not eligible for health insurance through an employer (other than as a self-employed individual), Medicare, or Medicaid. Blue Cross is also is the only insurer in the Rhode Island market to offer guaranteed coverage, regardless of pre-existing conditions, during its annual open enrollment.

Blue Cross, acknowledging the vulnerability of this population, said it felt it was important to make healthcare more accessible and affordable for these members by funding the program through the end of 2013 when federal subsidies will kick in, according to Blue Cross spokeswoman Laura Calenda.

In addition, to help those hardest hit by the state’s ongoing economic challenges, Blue Cross also pledged $4.5 million to fund their AccessBlue program, which helps eligible members pay their health insurance premiums. About 28 percent of Blue Cross’s Direct Pay members currently take advantage of the AccessBlue program.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement