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Anthem Plan & Rate Updates Effective October 2023

Jul 12, 2023

Anthem announced rate and plan updates for October 1, 2023 effective dates. Rates are available for quoting!

 

Rates

Medical Quarterly Rate Change Average:

  • PPO: 2.5%
  • HMO: 3.0%

 

Medical Average Annual / Renewal Rate Change Average:

  • PPO: 7.8%
  • HMO: 8.7%

 

2023 Selling Highlights

  • DE-9C not required with 3 or more subscribers enrolling when providing a prior carrier bill (excludes virgin group, Anthem reserves the right to request more information)
  • 25% participation for groups of 5 or more subscribers enrolling (65% participation for 4 or fewer enrolling)
  • Individual coverage both on and off the exchange are valid waivers
  • 24-hour turnaround for new business submissions

 

Additional Network Flexibility

Employers can select one of the following pairings:

  • Both PPO networks alongside any two HMO networks (including Vivity)
  • Both PPO networks alongside the Select HMO, Priority Select HMO, and Vivity HMO networks (excluding CaliforniaCare HMO)*

 

*Network selection subject to provider availability.

 

Q4 Renewal Release Dates

October

  • 7/14/23 - October renewals will be posted to Producer Toolbox
  • 7/20/23 - October renewals will be mailed to groups
  • 7/28/23 - October renewals will be posted to EmployerAccess

 

November

  • 8/17/23 - November renewals will be posted to Producer Toolbox
  • 8/23/23 - November renewals will be mailed to groups
  • 8/31/23 - November renewals will be posted to EmployerAccess

 

December

  • 9/15/23 - December renewals will be posted to Producer Toolbox
  • 9/26/23 - December renewals will be mailed to groups
  • 9/29/23 - December renewals will be posted to 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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