As expected, Anthem Blue Cross has delayed the increases to its members’ health insurance premiums which were slated to go into effect on May 1st. Anthem Blue Cross had originally announced that health insurance premiums would be increased as of March 1st, but due to consumer outrage and public outcry by both state and federal officials, Anthem Blue Cross agreed to delay the increases until May 1st.
Some 800,000 Anthem Blue Cross health insurance policyholders have been waiting to hear whether their premiums would be increasing by as much as 39% on the 1st, as independent actuaries appointed by the California state insurance commissioner continue to pore over the proposed increases. Since the expected actuarial report has not been issued as of yet, it has been expected that Anthem Blue Cross would continue to delay the scheduled increases.
Anthem Blue Cross has not announced when they expect this latest delay to end. Until Anthem Blue Cross members receive notice that the increases to their health insurance premiums are going into effect, their current health insurance premiums will remain unchanged. Members can take some comfort that California state insurance law requires insurers to give a minimum of 30 days prior writtten notice for premium increases to go into effect, so the earliest that Anthem Blue Cross would be able to increase premiums would be late May at the earliest.
For more on health insurance, visit MyHealthCafe.com:
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- Everyone in the Pool: Congress Launches Investigation into Anthem Blue Cross Health Insurance Rate Increases
- Follow-Up: LA Times Column on Impact of Anthem Blue Cross Health Insurance Rate Increases