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Anthem Plan & Rate Updates Effective January 2024

Sep 07, 2023

Anthem announced rate and plan updates for January 1, 2024 effective dates. Rates are available for quoting!

 

Rates

Medical Quarterly Rate Change Average:

  • PPO: 2.0%
  • HMO: 0.8%

 

Medical Average Annual / Renewal Rate Change Average:

  • PPO: 8.4%
  • HMO: 9.2%

 

Anthem's Dental & Vision plans will have no rate action for new business.

 

Selling Highlights

  • DE9C not required with 3 or more subscribers enrolling. A prior carrier bill is required if DE9C is not provided (excludes virgin groups).
  • Relaxed participation:
    • 25% participation for groups with 5 or more enrolled subscribers.
    • 65% participation for groups with 4 or fewer enrolled subscribers.
  • Valid waivers include individual coverage, Medicare, Medi-Cal, military service, or covered as a dependent on an employer-sponsored group plan.

 

Additional Network Flexibility

For Q1, Anthem Small Group will be allowing additional network flexibility. Employers can select one of the following pairings:

  • Both PPO networks alongside any 2 HMO networks (including Vivity)
  • Both PPO networks alongside Select HMO, Priority Select HMO, and Vivity HMO (excludes CaliforniaCare HMO)

 

Important Dates

  • 10/24/23: January renewals posted on Producer Toolbox
  • 10/30/23: January renewals mailed to Employers
  • 11/03/23: January renewals available on EmployerAccess

 

 

For questions or help with an Anthem Blue Cross quote, please contact a member of your B&P Sales Team - 888.722.3373.

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