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Commissions on Individual Metallic products paid through a different system

Starting February 2017, Arkansas Blue Cross and Blue Shield will begin paying on- and off-exchange Individual Metallic and Arkansas Works (previously called the private option) commissions to agents and agencies using a different commission system — the Insurance Compensation Management (ICM) system.

2015 ANTHEM CYBERATTACK FOLLOW-UPS

Arkansas Blue Cross will be sending a letter to your group administrator clients regarding employees who have minor dependents who may have been affected by the 2015 Anthem cyberattack. Read more to learn more about who will receive a letter.

Time-sensitive Form 1099 information for groups

In 2016, some of your clients began paying you or your agency a service fee instead of commission. The Billing and Collection Agreement states the service fee is considered “non-employee compensation” and requires employer groups to complete two copies of the Form 1099-Misc — sending one copy to you, and the other to the IRS.

Arkansas Blue Cross makes changes to Short-Term Blue and Essential Blue Freedom plans

New rules for limited-duration health insurance policies means changes are on the way for Arkansas Blue Cross and Blue Shield — including the phase out of Essential Blue Freedom (EBF). The federal government has significantly altered how health insurers can offer limited-duration insurance policies, and issued its final rules and guidance for how to proceed.

Life insurance policy changes for Arkansas Blue Cross transition plans

Arkansas Blue Cross and Blue Shield’s transition plans are moving to Metallic plan types beginning with February 1 groups this year. Arkansas Blue Cross will no longer bill the $15,000 life insurance that currently accompanies transition plans. Your employer groups can continue this coverage through their current carrier and will have additional plan options to choose from.

Life insurance policy changes for Arkansas Blue Cross transition plans

Arkansas Blue Cross and Blue Shield’s transition plans are moving to Metallic plan types beginning with February 1 groups this year. Arkansas Blue Cross will no longer bill the $15,000 life insurance that currently accompanies transition plans. Your employer groups can continue this coverage through their current carrier and will have additional plan options to choose from.