Premium Credit Program
To help ease the financial strain many members and employer groups are facing, Blue Shield is applying a one-time premium credit to the November or December* billing cycle.
Premium credits will be applied for:
• Fully-insured** employer group medical, dental and/or vision plans
• Medicare Supplement medical, dental and/or vision plans
• IFP dental plan and/or vision plans (not IFP medical plans)
This Premium Credit Program will apply a one-time 10% credit on customers’ monthly medical premium and 30% credit on customers’ monthly dental and/or vision premium to November* bills. The credit will be calculated based on the customer’s October premium.
Blue Shield will apply these percentages for all customers eligible to receive premium credits through this program. However, there may be some variance in the exact percentage for some customers, resulting from plan changes or enrollment changes close to the beginning of the November billing cycle.
The credit will be reflected in November* paper and/or online bills for eligible customers. Customers receiving the credit are not obligated to continue their coverage with Blue Shield, and no repayment will be required of customers discontinuing coverage at any time.
*Blue Shield On-exchange small groups (CCSB) and a small subset of Medicare Supplement members will receive premium credits calculated based on the customer’s October premium and applied through this program to their December billing cycle. All other market segments included in the program will have credits applied to their November billing cycle.
**Flex-funded groups are not eligible for this program.