The Maryland Insurance Administration announced approval for a 34.4% rate increase on Blue Choice HMO individual plans and a 49.9% rate increase on Blue Cross PPO Consumer Direct individual products for the “under 65 marketspace,” effective January 1, 2018. This increase is significant for those who have individual plans with CareFirst. If you dissolved your practice or left your small group plan a couple years ago in favor of a lower cost individual plan rates, you may want to reconsider returning to the small group market again to avoid a major increase in your IMD renewal premiums as of January 1, 2018.
For additional information and to obtain a proposal for a small group plan, please contact one of our Employee Benefit representatives for more details at (800) 543-1262.
- Diana Smith, Employee Benefits Supervisor – Ext. 4423
DSmith@medchiagency.com - Janet Sonneman, Employee Benefits Account Manager- Ext.4425
JSonneman@medchiagency.com - Denise Dauses, Employee Benefits Consultant – Ext. 4428
DDauses@medchiagency.com