Medical insurance refunds received by Vermont businesses

0
7

Vermont Business Magazine Business Resource Services (BRS) announced today that over two thirds of corporations covered by Blue Cross and Blue Shield of Vermont’s Blue Edge Business (BEB) health plans have earned a refund on their 2021 premiums.

“BEB plans proceed to work, as designed, to assist small businesses,” remarked Mitch Fleischer, President of BRS. “The very best evidence of success is that this indisputable fact that 70% of BEB groups will receive a median refund of $1,500 per worker on their 2021 claims experience this yr. For a lot of businesses this can be the second yr of refunds. And the remaining groups that won’t receive a refund still enjoyed a few of the lowest premiums available.”

Fleischer also commented on the relevance of BEB plans given the Green Mountain Care Board’s recent approval of double-digit rate increases on Exchange plan premiums. “Now greater than ever, it’s vital for eligible businesses to think about whether these plans could work for them.”

Blue Edge Business health plans can be found to Vermont businesses with as few as 5 enrolled employees. These plans, available only through BRS, allow corporations to access a medical health insurance product that gives the potential for a business with good claims experience to share in that success. BRS is currently accepting applications for BEB coverage effective January 1, 2023.

BRS has been providing business solutions to members for over 30 years. More details about Blue Edge Business health plans could be found at www.brsvt.com/blue-edge-business/

8.11.2022. South Burlington, VT: Business Resource Services

LEAVE A REPLY

Please enter your comment!
Please enter your name here