Blue Cross NC, UNC Health Alliance Agreement Lowers Triangle ACA Rates by More Than 21 Percent
Plans will cost
New agreement means
Statewide, Blue Cross NC is lowering ACA rates by an average of 4.1 percent
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“Our agreement with
“On behalf of the UNC Health Care physicians, nurses, specialists and thousands of other co-workers, I am very pleased Blue Cross NC selected our health care system as the provider of choice for its Blue Value coverage in the Triangle,” said UNC Health Care CEO
“We believe our hospitals, from the
“We look forward to serving thousands of patients and entire families expected to take advantage of ‘Blue Value’ coverage beginning in January, after open enrollment in November.”
The agreement between
Pre-subsidy premiums will be less, but some customers will need to change providers in order to take full advantage of the cost reduction. Through Blue Cross NC’s Blue Value Plan,
Blue Value with
Blue Cross NC will no longer offer its Blue Local product with
Customers in
Blue Cross NC’s decision to go with
Duke and
Blue Local with
More information on this transition is available at www.BlueCrossNC.com/ReadyToRenew.
More information on
Non-Triangle Rates and Plans
Statewide, NCDOI approved a 4.1 percent rate decrease for Blue Cross NC ACA plans. The reduction marks the first rate decrease in the history of Blue Cross NC since entering the current individual market more than 25 years ago. Across all regions, rates range from a 22 percent reduction to a 9.5 percent increase.
During the first three years of the ACA, Blue Cross NC lost more than
As always, rates vary based on location, age, subsidy amount, and plan. Federal tax credits known as premium subsides are still available for customers with household incomes between 100 and 400 percent of the Federal Poverty Level. About 90 percent of Blue Cross NC current customers with ACA plans qualify this year. Subsidies vary by plan and household income. Individual premiums will be available in October. Open enrollment begins on
Through new arrangements with regional providers, Blue Cross NC will be reducing pre-subsidy premiums in
The average monthly price reduction before subsidies is
The Triangle,
Although some areas will see a rate increase, all requested county increases are less than 10 percent.
Plans available in these regions may include broad-network Blue Advantage and Blue Select.
Transitional Plans
The requested rate increase for transitional plans in 2019 is 9.8 percent. These plans were purchased between
View source version on businesswire.com: https://www.businesswire.com/news/home/20180822005418/en/
Blue Cross NC
Blue Cross Media Line: 919-765-3005
Blue Cross Online Newsroom: http://mediacenter.bcbsnc.com
or
UNC Health Care
UNC Health Care Media Line: 984-974-1140
UNC Health Care Newsroom: http://news.unchealthcare.org/
Source: UNC Health Care
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