Anthem Blue Cross Delays Rate Increase Beyond May 2010
For the second time in two months, Anthem Blue Cross of California has postponed the rate hike previously scheduled for March of 2010. Members who were originally told they would see higher prices in March will see that their premium are to remain unchanged in May 2010. There is no official word from the insurance company if or when the price will be going up again.
According to spokeswoman Kristin Binns on Friday April 23, 2010, “Members will receive adequate notification of any rate change. Until they receive information indicating otherwise, rates remain unchanged.”
Since State law requires insurers to give members at least 30 days notice before increasing premiums, Medicoverage should be able to give members fair warning of future changes.
The first Anthem rate hike delay is covered here in detail.