Dickerson Update August 7 – Exclusive Q3 Bonus Promotion, Rate Changes, and More!

Ease Launches Exclusive GA Q3 Promotion

Ease announces an exclusive Q3 promotion that you can only receive through Dickerson! Learn about the exciting offers and the limited deal that is available to you.

Pro Subscription – Now $259/mo (billed monthly)  

  • Up to 1,000 employees and Includes 2 seats (user licenses) – Additional seats $119/seat 
  • Renews at the regular subscription rate in year 2
  • Promotional Period Aug 5th – Sept 20th
  • Promotional offer available from 8/5/19 – 9/20/19 for newly activated subscriptions only.

Eligibility Requirements:

  • Offer only good when GA initiates the referral to Ease listing the broker and the referring GA representative.
  • Initial subscription dues must be paid no later than the promotion end date of Sept 20th together with an executed Service Agreement.  
  • Broker account will be set-up listing their preferred GA and will be set-up with Benefits Access to assist with training and building new groups.
  • Promotion may not be combined with any other offer.

For more information on this promotion, please contact your Dickerson Account Executive.

Health Net Announces Q4 SBG Rate Changes and Large Group Underwriting Promotion

Q4 SBG Rate Changes

Health Net released rate changes for Q4. Rates quoted are pending completion of regulatory review

SBG Ancillary Rates

Dental/Vision: No rate changes at this time.

Life: No rate changes at this time.

Optional Chiro: No rate changes at this time.

Q4 2019 SBG rates changes are as follows:

Rates

PPO & EnhancedCare PPO

HMO & HSP

Q4 2019

-0.4%

-0.8%

There will be a .04% decrease for PPO & EnhancedCare PPO plans, and a 0.8% decrease for HMO & HSP plans in comparison to Q3 SBG 2019 rates.

Health Net Large Group Underwriting Promotion

Health Net now has a limited-time underwriting promotion program for large groups (101+) called Together with Health Net.

Together with Health Net is designed for those who want to adopt a multi-carrier strategy and write Health Net alongside another carrier.  The program includes flexible participation requirements and Health Net’s best-selling Enhanced Choice Portfolio.

Here are the important details:  

  • Effective dates: now through 12/31/19
  • New groups of 101-500 enrolling in Select Enhanced Choice Plans. Groups of 500+ considered on a case-by-case basis.
  • Choice of up to three Select Enhanced Choice Plans
  • Minimum employer contribution: 50% of lowest-cost Health Net plan
  • Participation requirements: at least 20% of eligible employees, or 25 active enrolled employees (whichever is greater).

To see which plans are Select Enhanced Choice Plans, click here or contact your Dickerson Account Executive.

HealthConnect Down for Maintenance August 9th, 2019

Ebix (HealthConnect) has announced that it will perform third-quarter maintenance on their servers on Friday, August 9, from 6:00PM to 9:00PM PST. While they don’t anticipate a full outage during this time, the system may become temporarily unstable for users looking to access it.

Drug Companies Introducing Their Own Generics

Drug companies are finding a way to compete with themselves by rolling out their own generics. Lawmakers who created the modern generic-drug industry in the 1980s never imagined anything like this — brand-pharma companies maximizing profits by appearing to compete with themselves.  

There are now nearly 1,200 authorized generics approved in the U.S., according to the Food and Drug Administration. While these might look like products that would push prices down, authorized  generics can be as profitable as, if not more profitable than, brand-name drugs.

“Authorized generics are not generic drugs,” Dr. Sumit Dutta, chief medical officer for drug-benefit manager OptumRx, told Congress in April. “The marketing and production of authorized generics is exclusively controlled and directed by brand-drug manufacturers. They do nothing to promote competition.”

To read the full article, click here.

The Costly Wait for Medicare

Many people in their late 50s and early 60s struggle to find affordable health insurance before they turn 65 and qualify for Medicare. 9% of Californians ages 50 to 64 are uninsured, compared to 1.4% for those 65 and older.

New state subsidies geared toward making individual premiums affordable for middle-income individuals might not be enough to make insurance affordable for older adults purchasing insurance through Covered California. This problem is worse for people ages 55 to 64 years old because they pay the highest premiums and tend to have more frequent, urgent, and expensive health care needs. In the current marketplace, a 55-year-old couple earning $74,000 a year would pay $1,362 per month for the lowest level of coverage available on Covered California. With the new subsidies, they will pay about $863 a month, with a $2,500 deductible per person.

However, Covered California isn’t the best option for individuals who don’t qualify for subsidies. Experts agree that these subsidies are a temporary fix for the overarching issue of ballooning health care costs.

Click here to learn more.