Second quarter rates were just released this past week. Once again we saw plan design changes and in some cases double digit increases for the small group marketplace. Large groups (50 employees and over) had less volatility, but are more sensitive to claims experience. Group health insurance will continue to be a challenge to groups of all sizes.
Its interesting to note that some of the carriers are adding co-payments on top of deductibles for services such as MRI's, outpatient surgery and hospitalization. Tufts, for example has revamped their standard Advantage Deductible plans to more of a hybrid plan with the deductible only applying to hospital and lab work, while outpatient, Emergency and MRI's are a higher co-pay only. We will review your specific plan design changes at next renewal.
Check out the box below on Blue Cross' new plan feature for all renewals in 2016. They have added TeleHealth to try and cut down on visits to the Emergency Room. TeleHealth will benefit all size groups so be sure to review.
Given the continued increase in premiums, once again we will mention the Massachusetts Wellness Credit. Congratulations to our groups who made the choice to take advantage of the credit and implement steps towards making a healthier workforce.
If you have any questions please send us an e-mail. Please feel free to forward this newsletter to anyone you know who owns a business.
Sincerely,
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