Anthem Blue Cross Blue Shield Now Has Rating Areas
Anthem Blue Cross Blue Shield of Colorado used to be the only company with one rate grid for the entire state of Colorado. That’s not the case anymore now that they’ve released their rates for 2007. Anthem’s number crunchers have come up with four sets of rates for Colorado, based on the cost of services, number of providers, etc. in various areas. Every zipcode in the state has been assigned to one of the four areas, and health insurance rates will be based on zipcode as of January 2007.
The range in Anthem’s rates for the four areas is not as dramatic as price variance with some other companies. The difference between the highest and lowest priced areas varies from about $12 for a member under 24, to about $35 for a 64 year-old member. Most people won’t notice much of a difference, and will just get a rate increase letter in December, just like every year. For brokers, this change makes us all the more thankful for the quoting software that has replaced the need for paper rate sheets over the last few years.
tag: Anthem Blue Cross Blue Shield of Colorado rates
Dec 31st, 2006 at 2:11 pm
[...] Anthem is announcing the first rate action for their Tonik health insurance plans in Colorado , effective February 1, 2007. The overall average rate change for Colorado Tonik members will range from a decrease of 8.4 percent to an increase of 26.7 percent. These rate changes are based on the plan the member is enrolled in (Thrill Seeker, Part-time Daredevil or Calculated Risk Taker) and the member’s age, gender and physical address. Also, please note that Colorado Tonik plans now have four rating areas, which are the same as the rating areas recently announced for our other individual products. [...]