Dickerson Update, July 16 – Carrier Q4 Updates, Dickerson Founder to Speak on Diversity, Industry News and More!!

Aetna releases Q4 2020 rate updates

Is it time to start thinking about Q4 already? Aetna thinks so, which is why they’ve released rate updates for Q4.
Here’s what to expect:
HMO
Quarterly 
Annual
Bronze
3.2%
1%
Silver
3.2%
-.4%
Gold
3.2%
7.9%
Platinum
3.2%
3%

 

PPO
Quarterly
Annual
Bronze
2.2%
-2.6%
Silver
2.5%
1.2%
Gold
-.8%
5.9%
Platinum
.6%
-2.9%

 

Additionally, please be sure to see rate reductions in Rating Area 15 (Los Angeles)
PPO RA 15 Only
Q4
Bronze
-14.5%
Silver
-10.1%
Gold
-12.7%
Platinum
-11.5%

 

To see all of Aetna’s Q4 updates, click here.
For more information, please contact your Dickerson Account Executive.

Anthem’s Q4 2020 rates and increased broker commissions

Get ready to sell more with Anthem this Q4! Anthem shared their Q4 2020 rates, see below for the details.

CA Small Group Q4 2020 Rate Action

Quarterly  (Rate Change Average)

PPO: -.6%
HMO: -6.7%
Combined: -1.3%

Annual/Renewal (Rate Change Average

PPO: 3.5%
HMO: -2.3%
Combined: 2.8%

Broker Commission Program

Anthem wants to remind brokers of their commission program available to all agents, not just ACE agents. This commission program will run from July 1, 2020 through January 15, 2020.

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 bonus! For full details on how this commission program works, check out this flyer.

Please contact your Dickerson Account Executive for more details.

Q4 2020 rate updates: Blue Shield 

Blue Shield also recently released their Q4 updates, including changes to rates. Blue Shield has a statewide average rate change of -1.2% for Q4 2020. The statewide compounded average rate change for small businesses renewing in Q4 is 0.6%.

Here are the details:

Average HMO Rate Actions
Quarterly: -1.2%
Annual: .6%

Average PPO Rate Actions
Quarterly: -1.2%
Annual: .6%

Average Rate Actions (All Plans)
Quarterly: -1.2%
Annual: .6%

For all Q4 2020 Blue Shield updates, click here. Please reach out to your Dickerson Account Executive for additional information.

Alera Legal Alert: the Supreme Court’s ACA birth control decision

On July 8, the Supreme Court upheld the Final Rules Final Rules issued by the Department of Health and Human Services (HHS) that allow employers to decline to cover contraceptives due to moral and religious exceptions. This differs from previous contraceptive coverage requirements adopted by HHS under President Obama.
For a full overview on the ACA’s Contraceptive Coverage Mandate, and how these most recent changes impact employers, click here.

Carl Dickerson to share thoughts on diversity and inclusion  

Are you attending the LAHUU virtual conference from July 15 to July 16? If you are, be sure you join Dickerson’s founder Carl Dickerson as he participates in Friday’s 9:30 AM Panel Discussion: “Race, Diversity and Inclusion in the Health Insurance Industry.”
If you won’t be at LAHUU but want an opportunity to hear Carl share his thoughts on how he’s overcome challenges and grown his career as a Black person, be sure to join NAAIA’s Los Angeles Chapter Zoom Meeting on Thursday, August 13 at 12:30 PM.
Date: Thursday, August 13
Time: 12:30 PM to 1:30 PM PST
Panelists: Carl Dickerson and Congresswoman Barbara Lee
Click here for more information.
We hope to virtually see you at these events!

Study finds 5.4 million Americans lose health insurance coverage amidst coronavirus pandemic

According to a new analysis, the coronavirus stripped an estimated 5.4 million Americans of their health insurance between February and May. This is the most adults that have ever lost coverage in a single year. The study led by nonpartisan consumer advocacy group Families USA found that over the three-month period, the estimated increase in uninsured, laid-off workers was nearly 40% higher than the previous highest increase during the recession of 2008 and 2009. During this recession, 3.9 million adults lost health insurance.
Nearly half of the coverage losses during the pandemic came from five states: California, Texas, Florida, New York, and North Carolina. This study comes in the thick of the presidential campaign season, where health care has already been a major issue.
Click here to read more.