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2024-207
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2024-207
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Last modified
10/15/2024 2:16:29 PM
Creation date
10/15/2024 2:15:47 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
09/10/2024
Control Number
204*207
Agenda Item Number
8.N.
Entity Name
HighMark Insurance Group
Subject
Stop Loss Policy Transition to HighMark FY24/25
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An Independent Licensee of the STOP LOSS PROPOSAL FOR <br />Blue Cross and Blue Shield Association Indian River County Board <br />PROPOSAL NOTES <br />• The rates in this proposal are firm. Please provide a signed proposal and signed application. <br />Large claim data must be submitted for any claims that are at or have the likelihood to exceed 50% of the group specific deductible. Large claim <br />data must include age, sex, diagnosis, prognosis, treatment plan, case management notes (if applicable), Pre -Cert and paid/pended claims. <br />The Specific rates in this proposal are based on an Aggregating Specific arrangement. Maximum Specific Liability includes estimated Policy Term <br />Specific premium and the Aggregating Specific fund. <br />This proposal includes Accelerated Reimbursement. <br />Human Organ Transplant benefits are payable in accordance with the Covered Underlying Plan and are subject to the proposed Lifetime <br />Maximum Specific Benefit offered within this proposal. <br />This proposal includes a 40% rate cap on the Specific Premium Rate at the renewal of your Stop Loss Policy. If applicable, this increase also will <br />apply to the Aggregating Specific Loss Fund. The rate cap does not apply to Material Changes including, but not limited to, the following: Covered <br />Underlying Plan, HM's Stop Loss Policy provisions, the PPO network or the Claims Administrator, and the rates may be further adjusted by such <br />changes. The rate cap rider applies to this Policy Term only. It may be offered at subsequent Stop Loss Policy renewals at the discretion of HM <br />Underwriting. <br />At renewal, We will not apply any new lasers, including but not limited to, an Alternate Specific Deductible or Excluded Claim Expense, within the <br />Special Risk Limitations section of the policy, unless requested. <br />Lockton's standard required terms will not be automatically accepted. However, a Stop Loss Acknowledgement Form may be requested at the <br />time of sale. <br />PROPOSAL ACCEPTANCF <br />To consider a group for coverage we will require submission of all underlying documentation regarding member eligibility and termination as well as <br />the group Leave of Absence Policy. If there is no Leave of Absence Policy in place, we will require a statement from the Plan Sponsor stating there <br />is no Leave of Absence available. Additionally, we will require an approved benefit book within 60 days of Benefit Book release by FL Blue for group <br />approval. <br />Please acknowledge acceptance of the terms in this proposal by signing and returning by 09/13/2024. Please also indicate which option is chosen by <br />checking the appropriate box on the previous page. <br />Failure to remit the signed agreement by 09/13/2024 will result in this prppo.M1 being considered expired. <br />C0ht4��ss. <br />Signature: title.•' <br />Accepted on the 10th day of Sept 20 2 4 <br />. COUNTY• <br />APPROVED AS TO FORM <br />AND LEG SUFFiCI'" Y <br />BY <br />.P O <br />DEPUTY COUNTY ATTORNEY <br />Attest: Ryan L. Butler, Clerk of <br />Circuit Court and Comptroller <br />c— <br />By: <br />eputy ca <br />Coverage is underwritten by Florida Blue, Jacksonville, FL and is administered by HM Life Insurance Company, Pittsburgh, PA, HIM Life Insurance <br />Company is an independent company providing only administrative services. <br />Underwriter: TLR (August 15, 2024) 11391839286-37516-2-2 Page 2 of 4 <br />
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