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Broker News FlashCHC Virginia
www.chcva.com
November 22, 2013
Coventry Customers Can Keep Their Current Benefits - Respond Before December 6

As you know, Coventry has information about our 2013/2014 health plan options for small group customers. They have an option to keep the plan they have today, or choose a plan similar to the one they have now. Good news! The deadline to enroll in a December 1, 2013 plan is now December 6, 2013!

 

Small Group December 2013 New Contract Option
We are offering a December 1, 2013, contract to all small groups with January 1 through September 1, 2013, effective dates. Our goal is to make the process as easy as possible for you and your customers. Existing clients electing a 12/1 contract can take advantage of:

  • Consistent rating methodology
  • Consistent benefits (same as today)
  • Stability

What President Obama's Recent Announcement Means for You. You may have heard about President Obama's recommendation that would allow insurance companies to have the choice to renew existing plans in 2014. Until more information is available, we do not have enough information about how this impacts our customers. Please talk with your Coventry representative about the differences between the December 2013 plan and 2014 ACA plan. Once we have more information from state insurance departments or the federal government, we will know the premiums if groups decide to keep their current plan through 2014.

 

Coventry Customers Must Act Before December 6, 2013
This is a one-time opportunity for small group clients. Choosing a December 2013 contract helps them gain certainty and security in these changing times.

 

With 2014 just around the corner, many of your small group clients are concerned about the changes that are coming their way. Coventry's options present positive solutions and additional time for you and your groups. We look forward to working with you to help as many of your groups as possible find security and stability through 2014.

 

Remember: Coventry is offering December 2013 new business contracts through December 31, 2013.

 

Call your local Coventry sales office with questions. We're ready to help.

12/31 Effective Date: A Great Opportunity for Your Clients, A Great New Sales Opportunity for You

Having options at a time of change is a great thing. That's why our 12/31 effective date option for New Sales is a great last chance opportunity for your small group clients -- that are not current Coventry clients -- to keep their current rates and benefits through 2014.

 

Following Thursday's announcement by President Obama, the Virginia Bureau of Insurance undertook a legal and regulatory analysis regarding the extension of individual and small group health insurance plans, stating:


The President proposed suspending enforcement of certain provisions of the Affordable Care Act (ACA) and urged state insurance regulators to allow carriers to offer renewal of certain non-ACA compliant health insurance plans that could remain in effect up to October 1, 2015.


Upon an analysis of Virginia state insurance laws which incorporated the provisions of the ACA effective January 1, 2014, it is unclear whether the Bureau has the authority under Virginia law to implement the President's recommendation. What is clear is that Virginia insurance law does permit the Bureau of Insurance to allow carriers to offer early renewal of existing insurance plans in the individual and small business group markets so that policyholders may continue existing coverage into 2014.

 

Read more... 

 

Act today. Contact your Coventry representative to learn more about our 12/31 effective date option.

Safe Senders
If you are not receiving emails notifying you that a new commission statement is available, please check to make sure that the email address coventrycommissions@cvty.com is in your "safe senders" list. Do not send an email to this address. Instead, call 800.438.4029 for any questions regarding commissions.

PPO products are underwritten by Coventry Health and Life Insurance Company and administered by Coventry Health Care of Virginia, Inc. 
In This Issue
Coventry Customers Can Keep Their Current Benefits - Respond Before December 6

12/31 Effective Date Option: New Sales

Contact Us
 Charlottesville Office:
434.951.2500

Richmond Office:
804.747.3700

 
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