May 06, 2020
UnitedHealthcare is making it easier for employers to retain dental, vision, life, and disability benefit offerings amid the COVID-10 pandemic. They’re providing renewal adjustments for customers renewing from May 1, 2020 to September 30, 2020.
2-499 Employee Groups
Groups renewing from May 1, 2020 to September 30, 2020 will renew at existing rates without rate increases. However, renewals occurring from May to July may require retroactive adjustments; customers may see a lower rate on their monthly invoice than what was reflected in their renewal.
- Products in-scope for this short-term COVID-19 renewal adjustment include fully insured Dental, vision, basic life, supplemental life, short-term disability (STD), long-term disability (LTD), and supplemental health (critical illness, accident protection, and hospital indemnity)*
- Renewal adjustments include UnitedHealthcare and All Savers® business
- Supplemental Health benefits (i.e., critical illness, accident protection, hospital indemnity) are available for groups with 51+ employees.
500-3,000 Employee Groups
Groups renewing from May 1, 2020 to September 30, 2020 will be deferred until October. The original renewal rate will be applied on October 1, 2020 for the remaining contract period.
- Products in-scope for this short-term COVID-19 renewal adjustment include fully insured dental, vision, basic life, supplemental life, STD, LTD, and supplemental health (critical illness, accident, and hospital indemnity)
- Renewal adjustments include the UnitedHealthcare businesses and fully insured products listed above that are tied to UMR medical self-funded (ASO) business
Contact your LISI Regional Sales Manager for more information.
