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New Footnotes re New Hire Rates

Jun 02, 2014

​New footnotes have been added to bpQuote to provide warning as to how certain carriers calculate New Hire rates. 

Rate Based on Age at Time of Enrollment

Rate Based on Age at the Group’s Last Anniversary

Since the difference in calculation could provide rates based on a different age for the same employee, the following footnote is included at the end of each proposal.

“New Hire rates for this Carrier are based upon the new employee’s age on the date his coverage will be effective and not his age when the Group was most recently written or renewed.”

Please ​contact a member of your Sales Team for assistance with your Group quotes and bpQuote - 888.722.3373.

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