September 2006 Broker Notes
September 2006 Broker Notes
Open Enrollment Nears!
FBP has been working hard to ensure that this year's Open Enrollment is the best yet! Please review the Key Dates and Notes on the reverse side for details.
Optichoice conversion
As you may have heard, all Association subscribers currently enrolled in Optichoice will be automatically converted to the IBC $75 Biennial Vision product effective 1/1/2007.
Association Transfers
Once again this year, FBP is accepting Association of Record (AOR) letters to transfer Association business to Flexible Benefits Plans. The letters must be completed by the transferring group and returned on company letterhead to FBP by Wednesday, January 10, 2007. This letter will allow IBC to forward the renewal rates to FBP for an April 1, 2007 effective date.
All transfers must then re-enroll through FBP by Monday, February 12, 2007. Transfer packets must include:
- UC-2A for group re-qualification
- Benefit Election form
- Renewal rates for selected option
- Premium check, payable to FBP
- Member Applications
- Waivers (if applicable)
- Copy of BOR/AOR with updated date
Upgrades, Downgrades
All groups requesting coverage changes must complete the benefit change form and submit it by Wednesday, November 22, 2006 to get a January 1, 2007 change effective date. This form must also be signed by a company official.
Groups changing lines of business must complete Subscriber or Member Enrollment or Change forms. Please contact Diane Weir or Amy Clancy at (610) 482-1800 for more details, or email sales@flexiben.com.
FBP Key Dates and Notes- Fall 2006/7
| 10/18/2006 | Tentative renewal rates mailed to brokers These rates should not be released to employer groups until October 23 to allow IBC time to revise the rates, if necessary. |
| 10/23/2006 | Production of renewal letters begins Letters will begin to be produced and mailed beginning 10/23. Letters will be staggered to assist you in managing your customer base. |
| 11/22/2006 | All paperwork for coverage changes due All groups requesting coverage changes must complete the renewal form or a benefit change form and submit it by Wednesday, November 22, 2006 to get a January 1, 2007 change effective date. A company official must sign this form. Groups changing lines of business must complete Subscriber or Member Enrollment or Change forms. |
| 12/10/2006 | New Business paperwork due All paperwork must be received at FBP to qualify for a January 1, 2007 effective date. |
| 1/10/2007 | Association of Record transfer letters due Letters must be completed by the transferring group and returned to FBP by Wednesday, January 10, 2007 to qualify for a April 1, 2007 transfer date. Contact Diane Weir or Amy Clancy at (610) 482-1800 for more details. |
| 2/12/2007 | Association transfer paperwork due Association transfers requesting coverage changes must have paperwork submitted to FBP by Monday, February 12, 2007. Paperwork must include:
Contact Diane Weir or Amy Clancy at (610) 482-1800 for more details. |