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| AGENCY ACTION ALERT FOR THE WEEK OF JULY 24, 2017
This week's Agency Action Alert features the following topics:- NEW! Cross-Selling Discounts
- Coming Soon: Update to Spending Accounts
- Small Group Update - October Renewal Rates Now Available
Please share this information with your sub-agents by forwarding this email, posting this content to your internal website, or copying and pasting the text into another format.
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| NEW! CROSS-SELLING DISCOUNTS
NEW! Discounted Dental Rates When Sold With Highmark Medical for Groups 10-50, and Discounted Medical, Dental and Vision Rates for Groups 51+
In a continuous effort to provide new sales capabilities, Highmark is pleased to announce a new cross-selling initiative for 2017. Discounts on medical, Blue Branded Vision, Blue Edge Dental (BED) and/or United Concordia Dental (UCD) may apply. See specific group details below:
FULLY INSURED MEDICAL FOR SMALL GROUPS (10-50)- New or existing medical groups that elect to purchase a BED or UCD product for the first time are eligible to receive up to five percent off their dental premiums.
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Plan Advisor will systematically apply the dental discount (when applicable) for August 1, 2017, effective dates.
- Delaware is currently excluded from this offer.
FULLY INSURED MEDICAL FOR LARGE GROUPS (51+)-
New or existing medical groups that elect to purchase a BED or UCD product for the first time are eligible to receive up to two percent in medical discounts, up to five percent in dental discounts and up to two percent in vision discounts.
- Delaware is currently excluded from this offer. The vision discounts do not apply in West Virginia.
ASO/SELF-INSURED FOR LARGE GROUPS (500+)-
New or existing medical groups that elect to purchase a BED or UCD product for the first time are eligible to receive an implementation credit.
- Delaware is currently excluded from this offer.
To learn more, or if you have any questions, please contact your Highmark Client Manager or Sales Executive.
Please note: The dental discount does not apply to existing BED plans, including those on MyBenefits, groups moving from UCD to BED, and vice versa; or existing UCD groups. Dental enrolled contract groups must have 10+ enrolled to be eligible for this discount. UCD direct plans cannot be submitted through Plan Advisor. The vision discount does not apply to existing Blue Branded Vision plans, including those on MyBenefits.
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| COMING SOON: UPDATE TO SPENDING ACCOUNTS
We’d like to inform you of an upcoming change to our health savings account (HSA) custodian, which will also temporarily affect our other spending accounts; e.g., Health Reimbursement Arrangements (HRA), Flexible Spending Accounts (FSA), Dependent Care, Limited Purpose FSAs and Commuter Benefits.
Our spending account vendor, Acclaris, Inc., received regulatory approval to become a non-bank custodian and will be ending their Bank of America preferred custodian contract. A non-bank custodian is an organization that is not a bank, but is approved by the IRS to perform as a custodian by meeting certain requirements to handle HSAs.
As a result of this change, your clients and their employees' HSA custodian will be changing from Bank of America to Acclaris, Inc.
A Pilot group of employers will be transitioned to Acclaris, Inc. in late August – these employers have been contacted regarding this change. The remainder of employers will be transitioned in November and will receive communications prior to the transition date.
We will continue to provide you with updates regarding these changes.
If you have any questions, please contact your Highmark Client Manager or Sales Executive.
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| | SMALL GROUP UPDATE - OCTOBER RENEWAL RATES NOW AVAILABLE
Small group renewal rates for October 1, 2017, effective dates are now available on the Producer Portal for all regions.
If you have any questions, please contact your Small Group Client Manager or Sales Executive. |
| | | *This email is intended for producers in WPA, CPA, NEPA & WV. |
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