11/21/2011
Our 2012 rates for the small-group pool (1 to 50) have been approved!
The small-group (1 to 50) quotes issued in early November for a coverage effective date of January 2012 included a note of "Rates Are Pending Regulatory Approval," as the rates we filed with regulators were not yet approved.
As of Nov. 8, 2011, our 2012 rates for our small-group pool (1 to 50) have been approved. The medical rates are slightly lower than those we had originally filed. The dental rates are approximately 3% higher (due to a correction in the calculation).
We're currently updating our system with the final approved rates and plan to re-release small-group renewals for Jan. 1, 2012, effective dates to Agent Center beginning Nov. 22, 2011. Brokers of Record for renewing groups will receive our system-generated email notification that renewals are accessible in Agent Center.
As a reminder, our renew-as-is process for Jan. 1, 2012, effective dates will run on Nov. 30, 2011. That means we'll mark a group of 1 to 99 renewed as is to reflect the renewal benefits outlined in the final renewal documents unless you've submitted benefit changes for your client prior to that date. Please note that we can still make changes to your client's benefits the month prior to their renewal. You'll simply need to submit a GMA and other required paperwork by the 15th of the month prior to renewal.
Thank you for your patience and your partnership in renewing January business with us.
If you have any questions, please talk to your Regence Sales contact.
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