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1-99: Anthem Releases Q1 2015 Rates
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Oct 15, 2014
Anthem's Q1 2015 rates are now available for small groups.
1-50 group size:
Ratings:
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Medical plans from Q4 2014 – Q1 2015: 5.48% average rate increase
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Dental, vision and life products: No rate increase
How ratings will change in 2015:
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Before 2015, the rate was determined by the employee’s age and the ZIP code where the employee lived
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Beginning in 2015, the rate will now be calculated based on the employee’s age and the employer’s ZIP code
Rating rule changes:
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Rates will adjust for age at contract anniversary
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New hires will be rated based on the age that they were at the inception of the contract
How medical rates are calculated — member level rating
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2014 rate structure: based on each family member’s age and employee’s ZIP code.
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2015-compliant rate structure: based on each family member’s age and employer’s ZIP code.
51-99 group size:
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Medical plans from Q4 2014 – Q1 2015: 5.4% average rate increase
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Dental, vision and life products: No rate increase
