Group Products & Forms
Notices & General Information
All plans shown are available for small groups. Large groups (51+) may qualify for additional options. Please contact your sales representative for more information.
Offer Prescription Drug Coverage? Please Read!
Does your company offer prescription drug coverage to Medicare- and Medicare Part D-eligible employees? To help these individuals make informed choices about prescription drug coverage, the Center for Medicare and Medicaid Services says that you must provide them with a notice of creditable or non-creditable coverage by November 15.
Medical Loss Ratio Information
The Affordable Care Act requires health insurers in the individual and small group markets to spend at least 80 percent of the premiums they receive on health care services and activities to improve health care quality (in the large group market, this amount is 85 percent). This is referred to as the Medical Loss Ratio (MLR) rule or the 80/20 rule. If a health insurer does not spend at least 80 percent of the premiums it receives on health care services and activities to improve health care quality, the insurer must rebate the difference.
A health insurer’s Medical Loss Ratio is determined separately for each State’s individual, small group and large group markets in which the health insurer offers health insurance. In some States, health insurers must meet a higher or lower Medical Loss Ratio. No later than August 1, 2012, health insurers must send any rebates due for 2011 and information to employers and individuals regarding any rebates due for 2011.
Physicians Plus had a Medical Loss Ratio for 2011 that met or exceeded the required Medical Loss Ratio. For more information on Medical Loss Ratio and your health insurer’s Medical Loss Ratio, visit www.HealthCare.gov.