Important and up to date news regarding the insurance industry.
Humana's Enrollment Hub completed a system update on Friday, July 23rd. Please review the below list for an overview of the updates that took place.
Based on Optima Healths' preliminary assessment, they anticipate that all Optima Health regulatory large group clients—fully insured groups with 51 or more total employees—who paid premiums in 2020 will receive a premium rebate check from them. They continue to work toward the September 30 deadline to issue the rebate checks to these groups and send a final communication update closer to this deadline.
Beginning July 28th, Century+ Disability Income Insurance policies without a prior checking/savings account withdrawal authorization (PAC Form) or initial premium draft can qualify for eRequirements. The PAC form can now be completed as a part of our eRequirements process.
American Equity's new enhanced income fixed index annuity is now available. For clients looking for opportunities to supplement retirement assets, the EstateShield 10 offers benefits designed for before, during, and after income is drawn.
Rule Changes for Inactive Accounts on Blue Access for ProducersSM (BAPSM) and Blue Access for EmployersSM (BAESM)
What’s changing? BlueCross BlueShield of Texas is implementing an industry-standard practice to maintain the health of our BAP and BAE portals. Beginning in August, users who haven’t logged into their accounts in 13 months or more will lose access due to inactivity.
