Archives

Posts Tagged ‘Renewals’

All Savers 15-Month Rate Guarantee

July 15th, 2019 in Agent AllSavers Broker Broadcast

  • Available for 10/1, 11/1, 12/1, 1/1, 2/1, 3/1 and 4/1 effective dates!!
  • Same rates for either 12 months or 15 months
  • 15 Month rate guarantee is a 3 month contract followed by a 12 month contract
    • Example:  12/1s become 3/1’s
  • 15 Month Rate Guarantee Confirmation Form to be signed by the Broker and Employer

*Note:  Group forfeits surplus for the first 3 months

Reconciliation for the 15 months will follow the normal process from 2nd 12-month policy. Reconciliation rules still follow; the group has to be effective 3 months beyond the renewal date in order to be eligible for a potential surplus.  *See Chart above

Questions?  Please Contact:
Joe Sherman – 972.404.2621
Kevin Balkin – 972.404.2620
Amanda Wooldridge – 972.404.2619
Paula Johnson – 972.404.2623
Stacey Priddy – 972.404.2611

All Savers Portfolio Update 8/19

July 15th, 2019 in Agent Broker Broadcast

This All Savers portfolio update is effective 8/1/19:

  • PROFORMANCE Plans being added to All Savers
  • Most plans – $0 copay on kids 19 and under (similar to the UHC fully insured plans)
  • 15 month rate guarantee is available for groups with effective dates of 10/1/19 through 4/1/20 (no rate increase for choosing the 15 month option) **click here for details**
  • Navigate & Charter plans are now part of the All Savers portfolio (prior to this there were only PPO / EPO options) – make sure to ask your sales rep for specific details

You also have the option of having the Lab & X-rays being covered under the OV – Plans ending in e

OR

Lab & X-rays being subject to the deductible and coinsurance – Plans ending in LX (roughly a 5 – 7% savings)

We have attached the new plan grid as well as the popular “Why All Savers” brochure below .  Please remember we can enroll All Savers groups with a minimum of 5 EEs enrolling.

TX All Savers Plan Grid 8.2019Download
Why All Savers BrochureDownload

2018 AllSavers 15-Month Rate Guarantee

November 26th, 2018 in Agent Broker Broadcast

Give your clients the gift of a 15-month rate guarantee!  All Savers is offering a 15-month rate guarantee for new and select renewing groups with 12/1 and 1/1 effective dates, at no additional cost!  That’s right, the rates for the 15-month are the same as the 12-month option.

With this 15-month rate guarantee:

Effective Date  Renewal Date
12/1/2018 3/1/2020
1/1/2019 4/1/2020

It’s a win-win!  Your groups will enjoy the peace of mind of a 15-month rate guarantee and you’ll be moving business from your busiest time of the year!

Groups are required to sign a 12-month or 15-month attestation form for Dec. 1 and Jan. 1 effective dates.

All Savers 15-Month Rate Guarantee

Questions?  Please Contact:
Joe Sherman – 972.404.2621
Kevin Balkin – 972.404.2620
Amanda Wooldridge – 972.404.2619
Paula Johnson – 972.404.2623
Stacey Priddy – 972.404.2611

All Saver’s 7/1 PDL changes

April 15th, 2016 in Agent Broker Broadcast

Updates to All Saver’s prescription benefits are coming soon.  Every All Savers group will be impacted by the upcoming PDL changes on 7/1, regardless of renewal date.  Below you will find an overview of the upcoming changes.  If you have any current All Savers groups or are working to enroll an All Savers group, please send them this overview so they are aware of the upcoming changes.  If you have any questions, please feel free to reach out to your TIE representative at 972-991-6500.  7/1 AllSavers 4-tier Advantage PDL Update Flyer

Transitional Relief Extended

January 26th, 2016 in Agent Broker Broadcast

Groups in the 2 – 50 market will be able to retain their Transitional Relief plan and rates for one more year if they renew on or before Oct. 1, 2016. Please note that transitional relief is only available in certain states. Groups choosing to renew after Oct. 1, 2016 must renew to an ACA compliant plan that includes adjusted community rating.

For November and December 2-50 clients interested in maintaining their Transitional Relief plan for another year, please have them complete the Attestation form to move their renewal date back to Oct. 1, 2016.  We must receive the completed attestation form no later than April 1, 2016 to ensure their renewal is automatically released with the October renewal block.

If you have any questions, please contact your Renewal Account Manager at 972.991.6500.

Last Year All Over Again…

June 24th, 2015 in Agent Broker Broadcast

Are you reminded of the huge rate increases due to Adjusted Community Rating (ACR) and the mad rush to stay on pre-ACR plans when you look at your Small Group 12/1 renewal block?  This year it will happen again, but on a larger scale…eek!  The definition of Small Group changes from 2 -50 to 2 -100 on 1/1/2016.  Are you prepared?  Take a look at some of the differences:

2-50 51-100
Regulated Rates Unregulated Rates
Minimums Lower Lows
Maximums Higher Highs
Guaranteed Renewability   DTQ pre-2014

 

Transitional Policy Relief allows you to renew “as is” outside of adjusted community rating.  Currently, transitional relief for groups in the 51 to 99 market ends 10/1/2016.  Meaning, any 51-99 group sold with an effective date later than 10/1/2015 will be forced on to a new ACR plan upon renewal.  Groups (51-99) with a 10/1/2015 or earlier effective date will be able to renew their plans in 2016 on transitional relief, prolonging the movement to ACR.  Some groups could see as much as 100% rate up when moving to ACR, talk about rate shock!

What is your strategy? If you don’t have a strategy already in place for your 51-100 block, we can help!

Contact your entire 51-100 block:   Talk to your groups about shopping off-cycle (if need be) to take advantage of transitional policy relief.  If you don’t show them all their options while there is still time, another broker will.

Show your clients UnitedHealthcare:  Transitional policy relief may not be available through all carriers; however, it is offered by UnitedHealthcare.  Move groups that are going to benefit from staying on a pre-ACR plan to a 10/1 effective date and lock in 10/1 rates.  Select a multi-choice package with plans that will accommodate the group’s needs for the next 2 years with UnitedHealthcare.  If the group likes their package, they can keep it!  Don’t forget, UnitedHealthcare is offering a renewal rate cap based on paid premium vs. claims and broker bonus programs too!

Not all groups will benefit from transitional policy relief.  Moving to a 1/1/16 effective date on an ACR plan might be a better option for some, but you must act now to weigh your options.

Don’t forget, we can also help with your 51 -100 groups that do not currently have coverage in place, but want to take advantage of pre-ACR plans before the play or pay fines go into effect next year.

Contact us today at 972-991-6500 while there is still an option for your group!

New Small Business Basic Life Requirement

May 28th, 2015 in Agent Broker Broadcast

Small Business customers with 2 to 99 eligible lives  will be required to purchase an employer-paid  basic life plan with a benefit of $25,000 or greater to qualify for the basic life Packaged Savings administrative credit beginning with 8-1 new business and medical renewal dates.

All new business quotes for basic life plans will include a reminder that the life plans less than a $25,000 benefit will not qualify for a basic life Packaged Savings administrative credit.

Beginning 8-1 renewals, all active customers that currently have a basic life plan with less than a $25,000 benefit will be offered a proposal at renewal to increase their basic life plan to a $25,000 benefit.  In order to remain eligible for the basic life Packaged Savings administrative credit, groups must increase their basic life benefit to $25,000.

Please contact your TIE Sales Rep or Renewal Rep for more information at 972-991-6500.

UHC / AllSavers 2015 July PDL Changes

May 28th, 2015 in Agent Broker Broadcast

The updates attached below will take effect for the UnitedHealthcare Prescription Drug Lists (PDLs) on July 1, 2015.  Reminder: All Savers changes occur on the actual PDL change date vs. at renewal like on fully insured. Also, for Alternate Funding members, medications are covered under the member’s plan that are not covered under a fully-insured member’s plan.  The medications covered for Alternate Funding members include: Sedatives/Hypnotics, Non-Sedating Antihistamines, and Erectile Dysfunction medications.

If you are unsure of the plan or PDL that applies to your customer, please contact your TIE Account Manager or Renewal Rep at 972-991-6500.

2015 July PDL Changes Flyer

New Rate Caps Announced

May 28th, 2015 in Agent Broker Broadcast

Good news, UnitedHealthcare will offer Benefit Care Ratio rate cap limits for 51-99 fully insured new business sales for select customers in Texas, starting with July 1 effective dates through Oct. 1, 2015!  This means that depending on current claims, new business customers could be protected from a large, second-year rate increase.

2015 51-99 Texas Rate Cap Flyer

UHC Retention Bonus 51-99

May 15th, 2015 in Agent Broker Broadcast

If you have at least 100 enrolled employees in the 51-99 market, you may be eligible for the UHC Retention Bonus!  Retain at least 80% of your employee base and you could earn anywhere from $10 to $30 per employee come 2016!

The retention bonus applies to groups with 51-99 eligible employees that renew from July 1 through Jan 31 2016.  Brokers with an inforce block of at least 100 enrolled employees in eligible groups as of June 30, 2015 must have an employee retention percentage of at least 80% as of January 31, 2016 to qualify for the bonus:

  • 80.0% to 89.9% = $10 per Enrolled Employee
  • 90.0% to 94.9% = $20 per Enrolled Employee
  • 95.0% or higher = $30 per Enrolled Employee

See below for bonus qualification and eligibility details:

UHC 51 to 99 RETENTION Broker Bonus Flyer