Health Net Plan & Rate Updates Effective January 2023

Health Net announced plan and rate updates for January 1, 2023 effective dates. Rates are available for quoting!

Rates

Quarterly Rate Change

• HMO/HSP: 0.9%
• PPO: -1.5%

Annual Rate Change

• HMO: -2.9%
• PPO: 0.7%

Health Net has had extremely consistent pricing over the last couple of years:

Dental: New rates available. No plan changes at this time.

Vision: No rate or plan changes at this time.

Optional chiro: New for 2023, all PPO plans will have the chiro rider option. The chiro rider will be an additional $3.00 PMPM for all HMO and PPO plans.

2023 Portfolio Highlights

• 2023 portfolio will all be under the DMHC
• Continuing no medical deductibles on HMO plans on Full, WholeCare, SmartCare, and Salud networks
• Simplifying PPO plan naming and removing the term "value" from plan names
• Annual medical plan cost sharing adjustment to ensure continued ACA and CA regulatory compliance
• Adding Chiropractic buy-up rider for all PPO plans to match HMO options
• Eliminating member copays and coinsurance for abortion services
• There will only be one Enhanced Choice package in 2023 and all plans will be available in it
• The EnhancedCare PPO and PureCare HSP networks have been removed

Important Dates

• 10/10/22 - January renewals emailed to General Agents
• 10/17/22 - January renewals mailed to Brokers
• 10/28/22 - January renewals mailed to Employer Groups

Broker Bonuses

As a reminder, Health Net's 6% commission rate on new medical business for the life of the case when you sell any new Small Group with 9 or more enrolled employees continues from October 2022 through January 2023 effective dates. See their flyer for complete details.

Book Rates

Book rates will be posted to the B&P website when they are available.

For questions, please contact a member of your B&P Sales Team – 888.722.3373.