November 2006 Broker Notes
November 2006 Broker Notes
Renewals
By now, both you and your clients should have received our IBC renewal statements for 2007. We hope these renewals enabled you and your customers to make informed benefit choices for the upcoming year. If you have any questions, comments, or feedback, please contact us at any time.
Alternative Payment Options
FBP would like to remind you that we have alternative payment options available for your clients. The most popular payment option has been our ACH or Check-o-matic plan, which allows your clients to electronically remit their insurance premiums to FBP without having to fill out a monthly check. If you believe your clients might be interested in this program, make sure they visit us at www.flexiben.com to sign up, or contact us for a copy of the required paperwork.
Association Transfer Guidelines 2007
A reminder that IBC changed the effective date of the 2007 transfers to April 1, 2007.
- Original AOR's must be received by FBP by January 10, 2007.
- All transfer groups must requalify during the transfer process.
- Quotes for different options will be available from FBP after the AOR has been submitted and approved. The renewal rates will be the basis for any options presented to the group - new business quotes from ROAM will not be honored.
- FBP's deadline for transfer paperwork is February 10, 2006, and must include:
- UC2A for group requalification
- Benefit Election form (if any benefit change)
- Member applications
- Waivers
- Copy of the AOR
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.
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| 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.
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| 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. |