Apr 13, 2022
Anthem has issued a rate update for Q3 2022. There are no changes to plan designs or underwriting guidelines. Quoting is now available.
Statewide average change for the quarter shows:
| PLAN TYPE | QUARTERLY AVERAGE CHANGE | ANNUAL/RENEWAL AVERAGE CHANGE |
|---|---|---|
| HMO | -0.1% | 2.0% |
| PPO | 0.2% | 3.8% |
Underwriting Promotions and Updates
All current underwriting promotions have been extended through the end of 2022. This includes:
- Network pairing options
- No DE-9C for groups 3+ enrolling
- 25% participation for groups 5+ enrolled; 65% for groups 1-4 enrolled.
- IFP is a valid waiver (on and off exchange)
Voluntary dental and vision participation update: previously voluntary required 5 enrolled. The new participation requirement is a minimum of 5 eligible and 2 enrolled.
7% Commission Bonus for September
Anthem is offering a 7% commission rate* on new medical business for the life of the case** when you sell any new small group with 5 or more enrolled employees for September 2022 effective dates.
Group/Membership Eligibility:
- A small group consists of 1-100 eligible employees.
- New small business group employees are those who have the same enrollment effective date as the employer groups original Anthem effective date (i.e. if an employer groups original effective date is September 15, 2022, then the member must also have an effective date of September 15, 2022).
- Commission percentage is based on the number of enrolled employees with Anthem medical plans.
- Excludes Anthem Balanced Funding groups.
Agent Eligibility:
- Appointed agents must be in good standing with a current, signed Anthem agent contract and valid license on file.
- Qualified business will include business sold through a General Agent partner or direct to Anthem.
Important Dates
- April 13: Rates available in particle systems
- April 13: Rates available in Producer Toolbox
- April 20: July renewals will be released on Producer Toolbox
- April 28: July renewals will be mailed to employers
- April 29: July renewals will be released to EmployerAccess
Contact your Amwins Connect Regional Sales Manager to learn more about Anthem in your region.
* 7% flat up to $1M annualized premium, then 0.8% above $1M.
** If an Agent of Record change occurs, commission will automatically update to the standard 5% flat up $1M annualized premium, then 0.8% above $1M.
** If the book of business is transferred, commission will automatically update to the standard 5% flat up $1M annualized premium, then 0.8% above $1M.
** The 7% schedule applies only as long as the group stays enrolled in an Anthem small group ACA medical plan.
