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Anthem Plan & Rate Updates Effective July 2020

Apr 16, 2020

Anthem announced rate and plan updates for July 1, 2020 effective dates. Rates are available for quoting!

 

Rates

Average Medical Quarterly Rate Change

  • PPO: 2.2%
  • HMO: 2.3%

Average Renewal Rate Change

  • PPO: 5.9%
  • HMO: 7.4%

 

There are no other Dental, Life, or Vision changes.

 

New Plans

Anthem is introducing 4 new medical plan designs effective July 1, 2020:

  • Gold HMO 35/500/20%: available in the CaliforniaCare HMO, Select HMO, and Priority Select HMO networks 
  • Gold HMO 35/1250/20%: available in the CaliforniaCare HMO, Select HMO, and Priority Select HMO networks
  • Platinum PPO 5/250/20%: available in the Prudent Buyer PPO and Select PPO networks
  • Gold PPO 5/1400/30%available in the Prudent Buyer PPO and Select PPO networks

 

Underwriting Promos Extended Through September 15, 2020!

  • Relaxed Participation: 25% participation for groups of 5 or more enrolled subscribers! 65% participation required for 4 or fewer enrolled subscribers.
  • DE9C: Not required with 6 or more subscribers enrolling! Groups with prior coverage must submit prior carrier bill. Excludes virgin groups.
  • Valid Waivers: Individual coverage both on and off of the Exchange will be accepted as a valid waiver
  • Dual HMO Networks (Dual network no longer offered for PPO*): Groups can select Anthem Full HMO and Select HMO or Select HMO and Priority Select HMO!

 

*Please note that Anthem is running their Dual PPO Network promotion in Regions 1 & 9 through 6/15/20.

 

Ancillary Updates

  • Unlimited Annual Maximum available on dental plans as of 1/1/20
  • 5% bundling discount available when new dental is purchased with new vision, life, and/or disability
  • 24-month rate guarantee for dental, vision, life, and/or disability
  • Dental & vision participation:
    • 25% for 5+, min 2 enrolled
    • 65% for 2-4, min 2 enrolled
    • Voluntary requires only 5 enrolled

 

Important July 1, 2020 Dates

  • 4/9/20: rates on Producer Toolbox
  • 4/15/20: rates allowed to go live for bpQuote and other quoting vendors
  • 4/20/20: renewals posted on Producer Toolbox
  • 4/24/20: renewals mailed
  • 4/29/20: renewals available on Employer Access

 

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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