The Gilston Agency Group Sales Department strives to submit your group in a timely manner. Many of the carriers require different items or information, which can sometimes become quite confusing! You can help us help you by using the checklist before submitting your group to your sales representative. This way we can have all of the correct information submitted as quickly as possible! Help us help you boost your group sales numbers!!
Have your employer groups complied with tomorrow’s deadline? Remember that Employers are required to mail an annual notice of Creditable Drug Coverage to the home address of all employees by November 15th of each year. Model language for the notice can be found at www.cms.hhs.gov/creditablecoverage/. This Medicare Modernization Act (MMA) and other employer requirements can be found in our Health Insurance Reform Blog.
As a health insurance agent, the Medical Loss Ratio (MLR) verbiage in the new health reform legislation may have the largest impact on your business. Agents are beginning to see the effects of MLRs as commission letters inform agents of pay cuts. The Medical Loss Ratio is the percentage of premiums insurers use for medical costs versus the amount that goes to paying administrative overhead.
Tom Swayne recently addressed the Conway Chamber of Commerce with a presentation on health insurance reform. The meeting focused on the impact reform is having on business owners. Attendees learned about topics such as the new W-2 and 1099 reporting requirements and responsibilities, qualifying for the new small group tax credit, maintaining grandfathered status, and recent marketplace reactions.
To assist you and your renewal efforts, the Gilston Agency has created an Employer Renewal Checklist that addresses several significant topics.
BlueCross BlueShield of South Carolina’s (BCBS) 2010 producer’s challenge includes Personal Blue, Medicare Supplement Plans and Group Sales. Individual Producers: The individual contest applies to all Personal Blue and Medicare supplement applications submitted with effective dates of May 1, 2010, through August 15, 2010. You sell a certain amount of contracts and win a bonus [...]
The Gilston Agency has partnered with OptiMed to bring you a Gap plan. The Gap plan is a great fit for groups that prefer the benefits of a high deductible health plan. The Gap plans are guarantee issue and have no pre-existing condition clause.