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Posted by Medavie Blue Cross on September 12, 2024

New Rates Effective November 1, 2024 for Individual Business

Effective November 1, 2024, rates will be adjusted as per below.

  • Complete Health rates will increase on average by  9.3%
  • Assured Access rates will increase by  2.5%
  • Options and Options Plus rates will increase by  23.5%

The adjusted rates will apply to new sales as well as to members renewing their plans, based on their renewal month.

We know the main factors for a rate increase are utilization - more people are using their benefits year over year; and inflation - things cost more than previous years. We are seeing both of these things in our claim trends at a higher amount this year. Members are using their health plans more and are paying more than previously for services that we cover.

Your tools:

We’ve updated our rate guides to help you quote for new clients or renewals:

Please note: Our Complete Health and Assured Access rate calculators will be updated with the new rates on October 1, 2024. Until then, please refer to the rate guides provided for applications effective from November 1, 2024, onward.

Rates for the Guaranteed Acceptance and Retiree Health Plan will increase effective January 1, 2025, and we will provide the updated rates in November.

If quoting for an application with an effective date earlier than November 1, please use our 2023-2024 Complete Health rate guide, 2023-2024 Options/Options Plus rate renewal sheet, or our 2023-2024 Assured Access Rate Guide.

For any questions or concerns, please contact our Agent Inquiry team.