March 20, 2019

First-year Renewal Rate Cap on New Mid-market (51-150) Business

Applies to: New Mid-market (51-150) Groups

It’s no secret – groups are looking for ways to keep their health care expenses low and predictable. We can help deliver on that goal. Now, when you sell a new, mid-market group for a July 1, 2019, effective date, we’ll give them a 5 percent cap on their first-year renewal!

Who Is Eligible?

• Fully insured mid-market standard plans  with July 1, 2019, effective dates.
• Mid-market means groups with more than 50 total employees on business days in the previous calendar year and 150 or fewer enrolled lives.
• If your mid-market group currently has fewer than 51 enrolled employees, the renewal rate cap is also for them. It doesn’t apply to Affordable Care Act (ACA) small groups.

What About ACA Taxes and Fees? 
If ACA taxes and fees are reinstated, we’ll add the amount to the capped renewal rates.

How Do I Sign My Group Up?
Your sales executive or general agent will provide specific language to include in the Benefit Program Application.

Let’s Talk About It!
This is a great opportunity for your clients, so don’t hesitate – run your initial quote today! Call your sales executive or general agent if you have any questions.