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 Benefit Express Update:
 April 16, 2014
Broker Alert:

Illustrative composite rates simplify SG plan comparison for Coventry

In response to your need for an easy way to compare rates, effective April 14, 2014, Coventry plans includes illustrative composite rates on BenefitExpress for new sales proposals and renewals for Small Groups (2 - 50 Total Average Employees).

 

Illustrative composite rates are tiered rates based on the entire enrolled census, in the same manner that composite rates were calculated in 2013 and prior years. It will serve as an additional tool you and your Small Group customers can use to evaluate benefit costs and determine contributions. We will now provide them for all quoted benefit plans.

 

Please note: Illustrative composite rates are for comparison purposes only. We will continue to bill member-based rates and list them on new sales proposals and renewals.

 

Please contact your Coventry representative with any questions.

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