Blue Cross and Blue Shield of Maryland announced yesterday that it was seeking to raise its insurance rates between 10.3 percent and 20.9 percent for the policies it sells to supplement Medicare coverage.
The company, the largest health insurer in Maryland, has asked state insurance regulators for the premium increase as a way to offset recent changes in the amount the federal government picks up under the Medicare program, Blue Cross said. The increase, if approved, would affect 105,000 senior citizens in the state.
Under new guidelines that go into effect next year, Medicare recipients must pay the first $628 in hospital costs each year before hospital coverage kicks in under the federal insurance program and the first $100 in doctor bills, Blue Cross said. That compares with previous deductibles of $592 for Part A, or hospital, coverage and $75 for Part B, or doctor bills.