Citing 'extraordinary cost pressures,' BlueCross BlueShield of Vermont seeks to raise insurance rates further
VTDigger
BlueCross BlueShield of Vermont is seeking to raise health insurance premiums by an additional 4.3% next year, further increasing a request for already near-record-high rate hikes.
The proposed increase would increase premiums for individual BlueCross BlueShield health plans by an average of 21% and small group plans — plans for companies that employ up to 100 employees — by an average of 24% in 2025. (Because the insurer offers a variety of different plans, the actual increases would vary.)
If approved, the rates would amount to the “highest premium rate increase for our 2025 Qualified Health Plans since the inception of Vermont Health Connect,” the state’s health insurance marketplace, BlueCross BlueShield President and CEO Don George said in a letter to community members Monday.