The Maryland Insurance Administration released the
approved rates for CareFirst Consumer Direct medical plans on Tuesday August
29, 2017. The approved increase for the BlueChoice HMO is 34.5% and the
approved increase for the BlueCross PPO plans is 49.9%. This comes on the
heels of an approximate 25% rate increase last year. The new rates will go into effect beginning 1-1-18. Expect plan changes as well.
Companies who moved to individual plans due to high cost
in the group market, it may be time to move back.
Thanks,
Ben
