Blue Cross Blue Shield of Massachusetts reaches agreement with Division of Insurance
August 5, 2010 by Tom Licciardello, CFP · 2 Comments
Agreement on premium rates ends uncertainty and confusion for customers
Boston—August 5, 2010—Blue Cross Blue Shield of Massachusetts (BCBSMA) has reached agreement with the Massachusetts Division of Insurance (DoI) on premium rates for small businesses and individuals purchasing or renewing their health insurance plans between April 1, 2010 and December 31, 2010. Under the agreement announced today:
- Premium base rates for affected customers will increase between 0.4% and 12.9%. These new rates will be effective on
September 1, 2010. - BCBSMA will not retroactively charge customers who purchased or renewed plans between April 1, 2010 and August 31, 2010 the difference between these new rates and the 2009 rates that had been in effect.
Read the BCBS press release here.
About Tom Licciardello, CFP
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