Ritter Insurance Marketing, Craig Ritter

Blue Cross Blue Shield of Michigan’s Medigap Rate Increase Faces Roadblock from Administrative Law Judge

Here is the story from the Detroit News.  BCBS of Michigan was looking for a 31% increase ($33/month).  The administrative law judge ruled for a 3.8% increase ($4/month).  BCBS of Michigan has 210,000 Medigap members on this plan.  The difference $29/month times 12 months times 210,000 policyholders means an annual difference of $73 million.

BCBS of Michigan can appeal the ruling.  The Michigan Insurance Commissioner, Ken Ross, will make the final determination in early December.

I also found this story here.  These numbers make a little more sense in calculating the $85 million in savings that the Michigan attorney general references. . .

Posted by filed under Medicare Supplement, Medigap Rate Changes/Introductions, Michigan, News .

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