Page 12 - Michigan Economic Development Corp 2021 Renewal Information

MICHIGAN ECONOMIC DEVELOPMENT CORPORATION
JANUARY 1, 2021 BCBSM MEDICAL AND VISION RENEWAL
PRESENTED BY: GREGORY D. BROGAN

Current Renewal Current Renewal

# of Community Blue PPO Community Blue PPO # of Blue Care Network Blue Care Network
employees employees
Custom Custom HMO HMO

Single 35 $578.06 $606.25 7 $489.73 $506.18
Two Person 29 $1,384.11 $1,451.82 0 $1,172.12 $1,211.65
Family 60 $1,736.83 $1,821.31 4 $1,471.83 $1,521.10

Est. Monthly Premium 124 $164,581.09 $172,600.13 11 $9,315.43 $9,627.66
Est. Annual Premium $1,974,973.08 $2,071,201.56 $111,785.16 $115,531.92
Est. Annual Taxes/Fees Included
Change in Premium 4.87% INCREASE 3.35% INCREASE
Benefits
Deductible
In network None None $500/$1000 $500/$1000
Out network $250/$500 $250/$500 No Benefit No Benefit

Prescription Drug Copay $10/$40/$80 $10/$40/$80 $10/$30/$60/$80/20%/20% $10/$30/$60/$80/20%/20%

Office visit copay $40 $40 $20 PCP/$30 SPEC $20 PCP/$30 SPEC

Urgent Care Copay $40 $40 $35 $35

Emergency Room Copay $250 $250 $250 after deductible $250 after deductible

Hospitalization
In patient 100% 100% 100% after deductible 100% after deductible
Out patient 100% 100% 100% after deductible 100% after deductible

Lab & X-ray 100% 100% 100% after deductible 100% after deductible

Embedded coinsurance
maximum N/A N/A N/A N/A

Max. out of pocket
In network $6350/$12,700 $6350/$12,700 $1000/$2000 $1000/$2000
Out network $12,700/$25,400 $12,700/$25,400 No Benefit No Benefit
2020 rates increased 8.47%, 2019 rates increased 2.1% (Upgraded VSP to 12/12/12, $150 allowance), 2018 rates increased 5.97%, 2017 rates increased 3% (Negotiated down from 9.8%)
2016 rates increased 6.97%, 2015 rates decreased 8.98%, 2014 rates decreased 8.6%, 2013 rates increased 3.49%, 2012 Decreased 4.3%, 2011 rates increased 15.6%, 2010 rates
increased 21.4%. (negotiated it down from 29%, 2008/2009 rates increased 1.5%, Rates were guaranteed 10/1/08 - 12/31/09, 2007 rates increased .38%, 2006 rates increased 5.8%,
2005 rates DECREASED 2.4%, 2004 rates DECREASED .7%.
Group's current VSP 12/12/12 coverage and premiums are included above. Prepared September 2020