BCBSIL Introduces Renewal Rate Cap for New 51-100 Segment Groups
Blue Cross and Blue Shield of Illinois (BCBSIL) announced a first year renewal rate cap of 9%* for groups with 51-100 employees.
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 BluePrint product portfolio.
- The group will need to include our BlueChoice Select® and/or BlueAdvantage 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.