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2-50: Anthem's Early Renewal Program
Apr 22, 2013
As 2014 approaches, we know many of you have questions about how your clients' medical plan options will be impacted. Anthem will have great options for small group employers for 2014 and beyond, but it is clear that the Affordable Care Act will drive significant change in both the look and pricing of the products all health insurance providers offer.
With this in mind, Anthem wants to be sure their employer groups have the time they need to navigate these changes wisely and figure out what plans will best fit their needs in relation to cost and coverage. For this reason, Anthem will offer Small Groups the opportunity to purchase a new agreement and adjust their renewal cycle, allowing eligible small group employers to stay on a 2013 benefit plan design until later into 2014. Groups accepting this offer would have their medical renewal month adjusted to December 2013 and rates adjusted to correspond with the new renewal cycle.
Eligible Small group employers enjoy these advantages with Early Renewal:
- They can maintain their current medical plans and benefits until later into 2014.
- They can lock in new rates on those plans for a full 12-months.
- They will have additional time to evaluate their coverage options under the new PPACA guidelines.
In the weeks to come, Anthem will provide more information on the specifics of their early renewal option, as well as tools for you to use in talking with your clients about their options. While this program may not fit the needs of all your clients, it will give you an additional tool in helping them to navigate the fundamental changes our industry is undergoing.
As one of Anthem's agents, you are the foundation and strength of their business. Thank you for all you do to improve the lives of the people Anthem serves and the health of our communities. Together Anthem can help guide members through future health care changes.
Please contact a member of your b&p Sales Team for assistance - 888.722.3373.