BCBSIL Introduces Renewal Rate Cap for New 51-100 Segment Groups!

News from the Blues reports:

“News Alert:  Oct. 27, 2011

BCBSIL Introduces Renewal Rate Cap for New 51-100 Segment Groups!

Dear Valued Producer,

In an effort to deliver cost-effective solutions to help meet the needs of your clients, Blue Cross and Blue Shield of Illinois (BCBSIL) is excited to announce an opportunity that we think your  51-100 segment groups will want to take advantage of – a first year renewal rate cap of 9 percent*!

New groups with 51-100 insured employees sold with Jan. 1, 2012 – July 1, 2012 effective dates can take advantage of this offer if they meet the eligibility requirements below, which include completing individual medical applications.

Group Eligibility Criteria
Groups must have 51-100 enrolled employees selecting products within the BluePrintSM product portfolio.
The group will need to include our BlueChoice Select® and/or BlueAdvantageSM HMO network in the benefit offering to their employees. There will not be minimum enrollment requirements in these networks.
The Illinois Small Group Standard Health Application including Section F (Health Statement) and Section G (Additional Information) must be completed by each participant applying for coverage.

*Please note that demographic adjustments between +/-3.0 percent will be included in the cap. However, if the demographic adjustment is outside this range, the non-demographic adjustments will be capped at 9.0 percent and the full demographic adjustment will not be included in the cap.

We look forward to delivering this new opportunity to you and your clients and appreciate your business. Should you have any questions, please contact your BCBSIL sales executive.”