Blue Cross Blue Shield of Arizona (BCBSAZ) recently mailed individual grandfathered renewal letters. Individual members with Suite A grandfathered plans with October 2015 renewal dates will be the first to receive their letters and renewal information.
The rate increase for these plans will be 18.5% (average, not including age adjustments.) Some affected members will be able to increase their deductible within their product to help mitigate the rate increase, however they cannot move to a different grandfathered plan. BCBSAZ is discontinuing the BluePreferred Original individual product effective December 31, 2015.
For Members with Plans Continuing in 2016
Though they will have the option to renew their current plan, some members may consider switching to a non-grandfathered individual plan. Before doing so, they should be aware of the benefits grandfathered plans offer. Grandfathered plans provide access to a large network of providers, out-of-state coverage, and, in most cases, lower monthly premiums than those found with a non-grandfathered plans.
For Members with Plans Scheduled to be Discontinued
Members enrolled in BluePreferred Original can stay in their plans until December 31, 2015. While this only affects a small number of members, these members must select a new plan by December 15th to ensure a January 1, 2016 effective date.
All Affordable Care Act compliant plans renew on January 1st. This year, open enrollment for every individual begins on November 1st, and ends on January 31st. Watch for more information on renewal communications, including those to members enrolled in grandmothered and non-grandfathered plans, coming soon.
If you have any questions or help considering your options, please contact your insurance broker, L & A Services at 602-996-6010.