Annual Renewal Open Now Through September 24
Annual renewal for group benefit plans opened this morning, August 11. Rate sheets for 2022 were emailed to the primary benefits administrator for each subgroup with NRECA group benefit plans. Rates are also available online. Renewal calculations and other co-op-specific reports for experience-rated co-ops covering 100 or more lives were also sent by a separate email.
Go online to send in your annual renewals for group benefit plans until September 24. For instructions and reminders on selecting subgroups, managing COBRA administration, confirming plans and completing other tasks from the landing page, visit the Benefit Plan Rating & Renewal Instructions page in the BA Guide.
You also can find out more about the actions you need to take and access the materials for annual renewal, such as the option guides and renewal rate calculation explanations, on the Annual Renewal page of the BA Guide. The page provides updated information, including a checklist of things benefits administrators should do and consider for annual renewal. The “What’s New” section highlights benefit changes and enhancements for 2022, such as:
- The Teladoc benefit for all medical plans will expand to include mental health care visits by phone and video, bringing accessible mental health care to even the most remote co-op employees
- A new $2,000 in-network individual/$4,000 in-network family deductible option for non-embedded deductible high-deductible health plan (HDHP) medical plans to help co-ops make the transition from an existing non-high-deductible medical plan to an HDHP medical plan by reducing the out-of-pocket increase for employees
Before you confirm or make changes, we ask that you carefully review your plans to ensure that you are accurately developing the plan designs you intend to adopt for 2022.
If you have questions or need help with annual renewal, speak with your field representative. You also can contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.