Enhancement to AD&D benefit
Please be advised we are increasing the AD&D benefit for Complete Health by $5,000 for Enhanced Health and Essential Health for Adults and their Spouses. This change is reflected in this year’s rate adjustments and are as shown below:
- Essential is changing from $10,000 to $15,000
- Enhanced is changing from $15,000 to $20,000
- Children are remaining at $5,000.
End of Year Information
As we enter the last quarter of 2023 and start the last push to year-end, our administration teams are working diligently to complete all requests as quickly and accurately as possible.
- New Individual Business & Certificate Level Optional Benefits will follow our standard end of the month process.
- InForce Billing Updates will follow the standard billing cycle for processing.
Reminder - Renewal Commissions and NB Agency Licensing Regulations
Note: applicable only to Brokers who do business under a corporation.
As communicated in a previous update., New Brunswick’s Financial and Consumer Services Commission amended its rules (Rule INS-001) around agency licensing for participants in the insurance industry who operate under a corporation.
NB Agency licensing is necessary for us to do business with you and for you to remain eligible for commission payments for New Brunswick-based clients. Therefore, beginning in November, renewal commissions could be held as a result of not having the required licensing.
Once your agency’s updated license has been issued, please forward a copy of the certificate to [email protected] or provide to your assigned Medavie Blue Cross representative.
As a trusted partner, we appreciate your dedication to our mutual clients and your timely attention to this matter.
Reminder: New Rates Effective November 1, 2023 for Individual Business
A reminder that new rates have been in effect since November 1, 2023
The adjusted rates will apply to new sales as well as to members renewing their plans, based on their renewal month.
We’ve updated our rate guides to help you quote for new clients or renewals:
- New Complete Health Rate Guide
- New Options/Options Plus Rate Renewal Sheet (existing client renewals only)
- New Assured Access Rate Guide
Additionally, rates for the Guaranteed Acceptance Health Plan will increase on average by 12.3%, effective January 1, 2024.
November is Diabetes Awareness Month
Eleven million Canadians — that’s about one in three adults — are living with diabetes or prediabetes. Chances are diabetes affects you or someone you know.
As part of a healthy strategy to help manage chronic conditions such as diabetes, members have access to innovative services through Connected Care, with tools to support your wellness, such as 360 Total Care. Members have access to specially-trained health coaches and digital tools to better manage their condition.
Learn more about diabetes in our latest Insights blog.
Don't miss our next Insights webinar
Connecting the Dots on Chronic Disease Management: How Increasing Access to Care Can Strengthen your Business
November 29, 2023
11 a.m.– 12 p.m. AT
Join us for our next Insights webinar when our panel shares the latest strategies that empower members to manage their conditions and discover how proactive chronic care management strengthens business performance with a healthier, more engaged workforce.
Continuing education credits will be available for advisors who attend the live session in Atlantic Canada and Ontario.
Not available to attend? Register anyway and we’ll send you a recording of the webinar to watch later on-demand.
New Medavie Benefits+ Opening on November 20 in St. John’s
Our new Medavie Benefits+ is opening its doors on Kenmount Road on November 20, 2023! This unique, walk-in centre is a new model in customer service, helping members better understand their benefits, customize their plans, adopt our self-service technology and gain knowledge to support their wellness.