Anthem Blue Cross has provided the latest deadline of all small group carriers for requesting an early (December 1) renewal. To date, less than half of our small group clients have elected early renewal, but it still may be the right choice for your business. If you have an Anthem Blue Cross small group plan, and have not yet submitted an early renewal request, please review our earlier post on the topic.
Anthem Blue Cross groups who fall into one or more of the following categories may want to consider early renewal:
- Have a current Risk Adjustment Factor (RAF) of less than 1.00
- High employee participation in one of Anthem’s Generic-only PPO plans, or the newer Deductible PPO 3000 or 4000.
- Owner-only groups who want to keep their group plan as long as possible