September 2021 Newsletter

Pool Report:

Below is the updated EMI Pool Report that gives you an historic overview of membership growth, rate increases, and surplus paid.

A great tool that underscores the value of pooling and the effect it has on year over year renewal stability.

EMI Pool Report

Don't Forget to Cross the "Eyes" & Dot the "Teeth"

OK, that was bad…but what is good is that EMI offers a bundling discount if you sell both dental, and vision (must enroll 5 in each line), of 1.9% off the medical rate. Your client does not want to pay for dental and vision coverage? That’s fine, EMI offers voluntary dental and vision as well.

In addition, EMI will provide free COBRA administration, including mini-COBRA, for all lines written through EMI.

Show me the Money!

Just a quick reminder that EMI pays an additional 1% commission for the first year for all new medical sales, and 2% for medical dental and vision combined.

Agencies also receive a commission bonus based on total book of business.

Below is the EMI commission schedule complete with bonus commission information for both small and mid-size agencies.

Small Agency Commission Report

Mid-Size Agency Commission Report

BCBS Global Services Overview

Global Traveler

Global Expat

Global TeleMD

Beginning with November 1^st effective dates, rates are decreasing 10% on all Allied National Funding Advantage plans. This includes PPO, and RBP products. All products are level funded.

If you haven’t looked at Allied National, you should. They are a 50-year-old company out of Kansas City, Missouri with an excellent track record of customer service, and long-term rate stability.

All groups are individually underwritten to ensure groups are rated appropriately at the start, which helps stabilize the first-year renewal.

Allied National also offers an Affinity Group platform for Associations and Trade Groups.

Pet Insurance:

If you want to boast a broad and exceptional product portfolio, then you must be open to any and all products that add value to an employee benefit package.

To that end, we bring you Nationwide My Pet Protection.

My Pet Protection provides coverage to those furry children in your home. My Pet Protection can be sold on a group basis as an employee benefit. If you own a pet, I don’t have to tell you how expensive medical care is. My Pet Protection helps offset some of those large expenses related to your pet’s overall health. Pet insurance is a great and unexpected perk!

National General Benefit Solutions has a new name... Allstate Benefits.

Same competitive plans and pricing.

Same great service.

Nothing changes but the name!

Brief overview on the status of the “No Surprises Act”, which you can see has many enforcements change delays.

Interesting article on healthcare spending as it relates to COVID. These are based on Marketplace rate filings. Our actuaries in the self-funded space are telling us something different. Will be interesting to see how this all shakes out.

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