Cigna + Oscar Q4 Updates, Kaiser is Expanding, Inflation Reduction Act, Medicare Updates, VSP Incentive Program, Updates, News & More

DICKERSON WEEKLY UPDATE

Cigna + Oscar Q4 Updates

Cigna + Oscar shared some updates with us, the highlights include:

  • Q3 to Q4 Rate Pass on all plans in all rating areas (where C+O is available)
  • National LocalPlus®– employees who reside outside of California are eligible to enroll in C+O LocalPlus plans as long as they live in the National LocalPlus service area
  • Flexible Underwriting – DE9C NOT required for groups enrolling 3+ employees, Easy Slicing (only 3 eligible Cigna + Oscar enrollees needed, 60% overall participation required between carriers offered by employer), Offer up to 4 plans with no restrictions on plan combinations, and if it’s a startup, only 2 weeks of payroll needed!

Contact your Dickerson Sales Rep for more information!

Kaiser Is Expanding In Riverside County

Do you have clients in the Riverside County area? Kaiser capital expansion projects are making headlines! Kaiser Permanente is investing $1.7 billion into expansions and construction at four of its locations in Riverside County. They include its Riverside and Moreno Valley hospitals and its Murrieta and Wildomar medical offices.

Click here to read more.

Impact of the Inflation Reduction Act on Employers 

Employers and Insurers have lots of questions regarding the recently passed Inflation Reduction Act (IRA) of 2022. This Act has a minimal immediate impact on employers. Here are the main things to be aware of:

  • ACA Subsidies –  The IRA extends Affordable Care Act (ACA) subsidies for three more years, through the end of 2025. Employers who fail to offer affordable health care plans may see an increase in ACA utilization by their employees, thus leading to a higher frequency of receiving penalty notices from the Internal Revenue Service.
  • Prescription Costs – The IRA will reduce the cost of prescription drugs under Medicare Part D by allowing the Centers for Medicare and Medicaid Services (CMS) to work with pharmaceutical providers on pricing. It will also place a cap on insulin costs under Medicare Part B. 
  • Internal Revenue Service – The IRA allocates $80 billion to the Internal Revenue Service for hiring additional staffing, with $45.6 billion allocated to enforcement activities. 

MEDICARE UPDATE

Providence Is Coming To Orange County

A leader in the Medicare Advantage market is expanding and needs partners like you to serve more members. Providence is an organization you can trust, delivering quality healthcare since 1843!

Delivering Care Where Your Clients Receive Care
Provider networks matter and Providence invests in leading medical groups! There are many Providence-owned medical groups in Orange County including:

  • Providence
  • St. Jude Heritage
  • St. Joseph Heritage
  • And more!

Click here to request a Providence Health Plan contract!

 

MedicareCENTER Call Recording Solutions

Call recording capabilities will be available in MedicareCENTER in advance of AEP! Call recording will allow you meet CMS requirements by:

  • recording inbound calls, store and download solutions
  • recording outbound calls, store and download solutions
  • recordings stored for 10 years (as required by CMS)
  • CMS-required scripting for the beginning of each prospecting call

Register for our training call here on September 14th at 9am to hear about this new feature.

DICKERSON INDIVIDUAL UPDATE

VSP Individual Broker Incentive Program

The VSP incentive program begins on September 1st, 2022, and ends on December 31st, 2022. During the incentive period, VSP-registered brokers will receive a $100 Tango Card® gift card for every five (5) new enrollments! The Tango Card® works like a gift card to popular retail stores or services. There are 100+ options to choose from!

Contact us here to get appointed with VSP!

DICKERSON INDUSTRY NEWS

Omicron Boosters: Do I Need One, And If So, When?

The Centers for Disease Control and Prevention is recommending updated COVID boosters, for people ages 12 and older. Newly authorized shots are reformulated versions but who needs to boost and when. Click here to read the full article.

CVS To Buy Home Health Giant Signify Health

CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. With the acquisition of Signify, CVS will be able to offer care to more customers in their homes. Click here to read the full article.