News: CJ Exclusives

VIDEO: Impact of ObamaCare on Blue Cross Blue Shield Rates

State’s largest insurance carrier announces refund and rate hike

Blue Cross and Blue Shield of North Carolina and the Department of Insurance announced a refund and rate hike for some insurance customers Monday. The refund and rate increase affect only people with individual policies and not those insured in a group plan.

The Department of Insurance says more than 215,000 people will get refunds before the end of the year. The refunds are drawn from a pot of more than $155 million. Refunds will vary depending on individual premiums.

The same customers will see their rates increase next year. Policy holders with Blue Advantage will pay 5.37% more, and those with Blue Options HSA for Individuals will pay 2.06% more.

To view’s full report on the Blue Cross Blue Shield announcement, click on the video.