Sep 15, 2023
Oxford has issued a small group ACA medical rate update for Q1 2024. The statewide average change for the quarter shows 4.7% increase.
Portfolio Updates
Plans were updated for actuarial value as well as the following changes:
Benefit Updates
- Removed out-patient surgery per occurrence deductible
- $0 Virtual Visits, deductible waived for HSA plans
- Care Cash: $200 individual / $500 family coverage, added to Non-HSA freedom gold plans (already available on Non-HSA Liberty tiered network plans)
- Liberty network pharmacy change: moving to broad network - CVS back in network! (Standard Select Rx will remain with Metro Network plans)
Terminated Plans
The following plans have little to no membership and are being discontinues as of 2024:
- NY S MTRO GT 40/60/3250/60 EPO 23
- NY S LBTY NG 40/80/5000/60 EPO 23
NY Specialty Acceleration Bonus Program
Earn a bonus for new fully insured specialty cases with up to 100 eligible employees with 5 or more enrolled employees. Eligible groups are effective December 1, 2023 through June 1, 2024.
LINES OF COVERAGE SOLD TO EACH CUSTOMER | BONUS AMOUNT |
---|---|
Dental + 1 additional line of coverage | $300 |
Dental + 2 additional line of coverage | $600 |
Dental + 3 additional line of coverage | $800 |
Dental + 4 additional line of coverage | $1,200 |
Eligibility Criteria
- Agents must be permanently located in New York
- Specialty benefits lines of coverage are employer-sponsored or voluntary, fully insured dental, vision, basic life, supplemental life, short-term disability, long-term disability, critical, accident and Hospital indemnity groups
- The eligible lines of coverage can be sold with medical coverage or on a standalone basis
- OBM groups or groups with Oxford Freedom Vision are not eligible
Contact your Amwins Connect Sales Representative to learn more about Oxford.