News & Updates
Health Net's 51-100 Choice new business rate promotion is proving to be one of their most energizing sales opportunities of 2014! The rate promotion was introduced to enhance new business sales effective now through 12/1/14. And it has been providing a clear advantage for brokers to sell new 51-100 California business by featuring a 2015 renewal rate increase of only 5% 1 to qualified groups.
This offer, coupled with Health Net's competitive pricing and benefit choices, completes a formidable option in the marketplace. Plus, these groups can be renewed in 2015 at only a 5% increase for all rates!
The 51-100 Choice new business offering locks clients in to a maximum 24-month rate commitment, and creates a greater sense of security in today's shifting marketplace.
The renewal rate offer portfolio includes new sales in any of Health Net's three Choice packages - Enhanced Choice with full network HMO/EOA, SmartCare Choice and ExcelCare Choice.
Here's how it works:
Health Net continues to encourage their broker partners to review their 1/1/15 renewals with other carriers, and see if moving new business to Health Net on 12/1/14 makes sense. These groups can get competitive 12/1/14 rates, a portfolio with flexible plan combinations, and a 5% renewal rate increase in 2015! Health Net will allow these new groups to stay on a cost-effective plan at an affordable, low rate up to their 2016 renewal date, at which time they will be considered Small Business groups per upcoming ACA regulations.
More reasons for 51-100 Choice
For questions, please contact a member of your b&p Sales Team - 888.733.3373.
1 9/1/15-8/31/16 benefits will be adjusted to conform to any potential future mandated requirements. 9/1/15-8/31/16 rates could be adjusted further for any currently unknown legislative/regulatory changes or significant changes in demographics. Refer to the Agreement document, available from your Health Net sales consultant, for rate guarantee eligibility and other important details, terms and conditions.