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Serving North Carolina residents since 1974.

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Posts Tagged ‘Subsidy Eligibility’

Blue Cross Blue Shield of North Carolina Announces Rate Decrease for 2020

Tuesday, August 6th, 2019

Blue Cross Blue Shield of North Carolina is excited to announce filing for a 2020 rate decrease with the North Carolina Department of Insurance.  This is a big step in Blue Cross of NC’s movement toward making healthcare more affordable to North Carolinian’s.

Blue Cross NC Rate Decrease for 2020

For the second year in a row, Blue Cross Blue Shield of North Carolina has filed to decrease rates for coverage starting in the new year. This rate decrease is an overall average of 5.2 percent for Affordable Care Act plans offered to individuals and families in year 2020. There is also an average 3.3 percent decrease for those plans offered to small businesses with one to 50 employees. These rate decreases show a total reduction of $238 million to health care costs in 2020.

“We want to be a national model for health care transformation, where insurers and providers are jointly responsibly for delivering better, simpler, more affordable care,” said Patrick Conway, President and CEO of Blue Cross NC. “The hard work is not done, and we must continue building on these successes if we are going to truly make health care affordable for everyone in North Carolina. What these rate reductions show is that the move to value is working – when the focus is on quality and accountability, costs go down and the customer wins.”

Does this mean your premium will decrease?

Health Insurance premiums will always vary based on your location, age, and federal tax credit/subsidy applied to your premium. It is important to know that the overall rate decrease is an average for all counties in North Carolina. Therefore, not every Blue Cross NC member in North Carolina will experience the same amount in rate changes for 2020.

As of now, the Federal Tax Credits or Subsidies will still be available in 2020 to enrollees with a household income between 100 and 400 percent of the Federal Poverty Level. Nearly 90 percent of existing Blue Cross NC enrollees are subsidy eligible. To determine if you may be subsidy eligible, CLICK HERE to generate a quote online and discover how subsidies can greatly reduce the cost of your monthly Health Insurance premium.

When is the 2020 Open Enrollment Period?

The Open Enrollment Period will begin on November 1st, 2019 and ends December 15th, 2019. This is the time of year where anyone can enroll in a Blue Cross Blue Shield of NC plan without needing a Qualifying Life Event. We know the importance of understanding your health coverage and understand that the Health Insurance market can be confusing. If you are an existing member or considering enrolling in a Blue Cross Blue Shield of NC plan during the Open Enrollment Period, we are happy to help you through the process. Rate quotes for 2020 plans as well as renewal information for existing members will be available in October.

For more information on North Carolina Health Insurance coverage, please visit our website at or call our toll free number 888-765-5400 and speak with one of our experienced and professional agents.

Kristen Baily, Customer Service & Sales Representative

Tuesday, August 26th, 2014

engagementKristen Baily has recently joined Jerry Ballard & Associates as a Customer Service & Sales Representative.  She is a graduate of North Carolina State University with a Bachelor of Science in Business Management and a concentration in Human Resource Management. Kristen is joining our team with over 7 years of sales and customer service experience in the home building and real estate industry.

A native of Eastern North Carolina, Kristen enjoys living on the coast and boating with her family and friends in her spare time. She and her husband reside in Beaufort with their two dogs.

Kristen is thrilled to implement her experience in customer service and sales in the insurance world and she is looking forward to providing residents of North Carolina with the knowledge and guidance needed to select the Blue Cross Blue Shield of NC products that meet your health insurance needs and assist you in navigating through the Marketplace to determine subsidy eligibility.

For more information on health insurance coverage in North Carolina, please visit our website at or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). It would be our pleasure to help you navigate through the Health Care Reform changes in accordance with the new regulations of Obama care. Call us for details.