Kilpatrick

Carrier News

BCBS Providing Premium Credits on November 2020 Billing Statements

BCBS will issue premium credits to fully insured group customers on their November 2020 billing statements. The credits apply as a percentage of October 2020 premium:

  • 15% of medical premium applicable to all fully insured group policies in all segments
  • 50% of dental premium applicable to fully insured dental policies with 51+ active dental subscribers

This is a one-time event applicable to one billing statement. The premium credits total $104M and are intended to provide additional support during the COVID-19 pandemic. The credits to not impact producer commissions.

Read this BCBS news alert for more details.

This entry was posted in Carrier News and tagged , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.