01/05/2011
Changes to rating methodology and group reporting
Beginning with Feb. 1, 2011, effective dates for new groups and upon renewal for current groups, we're moving our experience rating and reporting threshold to groups with 150 or more employees.
This change is driven by recognition that claims experience for groups under 150 lives is simply not credible. And while consultants and clients certainly prefer access to claims data, we're confident that purchasers will appreciate our ability to deliver more attractive and stable pricing by managing groups of 51 to 149 under one pool.
Employer reporting is currently available to groups of 100+. New groups under 149 lives won't have general access to experience reporting. For groups of 100 to 149, reports will continue to be available until the group's renewal on or after Feb. 1, 2011.
The shift to pooled rating and access to reporting will occur over the next 12 months as groups of 51 to 149 renew on or after Feb. 1, 2011.
If you have any questions, please talk to your Regence Sales contact.
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