Dickerson Update, June 4 – Anthem’s New Commission Program, Aetna Expands AFA Portfolio, Kaiser Update, and More!

Aetna expands Small Group AFA portfolio

Aetna announced that they expanded their Small Group Aetna Funding Advantage (AFA) portfolio! Effective September 1, 2020 (quoting available now), AFA is offering new plan and network options, pharmacy offerings, and member programs and resources.

Enhancements include:

  • Nine new, lower-cost plans, locally-based networks, and updated pharmacy benefits that provide more choices, cost savings, and convenience
    • These plans offer 5% – 12%1 lower expected total monthly costs than Aetna’s standard AFA plans
  • Five of these new plans are available for quoting now for July 1, 2020 effective dates
  • Locally-based networks, with 25 of 40 offering Essentials/Value plans, increase the new plans’ savings and offer additional discounts of 8% – 15% compared to Aetna’s broad networks

Specifics on new AFA portfolio options are available in Aetna’s Producer World portal.

For more information, please contact your Dickerson Account Executive.

Getting ready to return to the office with Alera and Dickerson

As mandatory stay-at-home orders rolled out across the country with the spread of COVID-19, employers had to quickly learn how to enable their employees to work from home without compromising the availability and quality of their business offerings.

Now that cities are slowly rolling back COVID-19 restrictions and reopening economies, employers are faced with questions on how they can create safe office environments with COVID-19 still looming in the picture.

This is why Alera, Dickerson’s parent company, offered this insightful webinar, Restarting and Rethinking Your Workforce Amidst COVID-19: From Strategy to Playbook. They also created this roadmap to help employers create an environment where employees and clients can be healthy and safe with additional factors for employers to consider.

Anthem announces new agent commission program 

Anthem is excited to announce another new agent commission program available to all agents and not just ACE agents. This commission program will run from July 1, 2020 through January 15, 2021.

Here’s how it works: 

  • A 6% commission for new small group medical cases with 10+ enrolled
    • A Small Group consists of 1–100 eligible employees
    • 6% flat up to $1M annualized premium, then .8% above $1M
    • The 6% schedule applies only as long as the group stays enrolled in an Anthem Small Group plan
  • New Small Business Group employees are those who have the same enrollment effective date as the employer group’s original Anthem effective date. For example, if an employer group’s original effective date is January 15, 2021, then the members must also have an effective date of January 15, 2021.
  • This enhanced commission opportunity is in addition to any other award brokers receive under Anthem Blue Cross bonus programs.
  • Commission percentage is based on the number of enrolled employees with Anthem medical plans
  • Appointed agents must be in good standing with a current, signed Anthem agent contract and valid license on file

Business sold through a General Agent partner is eligible for this commission!

For all pertinent details, please contact your Dickerson Account Executive.

Reminder from HR Services: incoming compliance deadlines

In this legal alert, HR Services wants to remind employers to stay compliant with federal and state laws by making them aware of current compliance actions and due dates, as well as federal and state compliance updates. Click here to read the full alert!

For more information, please contact your Dickerson Account Executive.

Kaiser extends payment grace period through June

As a continued response to COVID-19, Kaiser extended their payment grace period through June. To help clients stay covered, Kaiser won’t terminate group coverage for unpaid monthly premiums through June 2020. Groups that have missed payments will start receiving delinquency and termination notices in mid-June and be terminated by August 1, 2020.

Groups struggling to pay for plans have payment plan options and opportunities to downgrade plans.Click here to learn more. Kaiser pledges to evolve their guidance as the circumstances surrounding COVID-19 continue to change.

For more information, please contact your Dickerson Account Executive.