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NEW Members Health Plan Launches on Texas Bar Private Insurance Exchange

Member Benefits, the administrator of the Texas Bar Private Insurance Exchange, introduces long-awaited Members Health Plan (MHP) for Texas law firms.

Austin, TX— After years of building member participation in the Texas Bar Private Insurance Exchange, administrator Member Benefits is introducing a new health plan option for Texas law firms. Different than traditional group health options, the Members Health Plan (MHP) is a multiple employer self-funded health benefits trust exclusively for Lonestar state law firms and their employees. Through the MHP, participating law firms will join together to pool their risk as one large multiple-employer group.

This plan aims to not just lower the cost of healthcare benefits but also reduce administrative fees and grant access to a wider variety of potential health plan benefits.

Member Benefits President and CEO Earl “Chip” Trefry Jr., CLU had this to say about the launch: “This has been over two years in the making and we’re all very excited to see it come to fruition.”

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Chip Trefry Member Benefits 2017 Inc. 5000 award

Member Benefits Ranks on the Inc. 5000 For Third Consecutive Year

JACKSONVILLE, August 21, 2017Inc. magazine has ranked Member Benefits, NO. 2007 on its 36th annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.

“I am extremely proud of what we have accomplished, but this is just the beginning. With such a tenacious team and unique business model, I can’t wait to see what the future holds for Member Benefits,” said Chip Trefry Jr., Owner and CEO of Member Benefits.

A mere one in five companies featured on the list have made an appearance three times, and Member Benefits is excited to be one of them. According to Inc., Member Benefits has experienced a three-year growth of 186.87% according to Inc.

You can find the Member Benefits profile at www.inc.com/profile/member-benefits.

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Member Benefits Brings Cyber Security Insurance Program to The Florida Bar

In an effort to help combat the recent rise of data and security breaches that have plagued Florida law firms, Member Benefits, the administrator of The Florida Bar Member Benefits Insurance Programs, is now providing members of The Florida Bar with a new Cyber Security program.

In regard to the new product offering, Member Benefits CEO Earl “Chip” Trefry Jr., CLU said, “We are very excited to be able to offer this new product to members of The Florida Bar. With more and more law firms becoming victims of data breaches, investing in your firm’s cyber security welfare has never been a smarter and a more timely need. We look forward to helping law firms throughout the state of Florida protect not just their own sensitive information but their client’s information as well.”

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Blue Cross Abandons Affordable Care Act Insurance Exchange in Missouri

UPDATE 6/13/2017: 

St. Louis-based Insurance company, Centene Corp., has announced plans to enter the Missouri, Kansas, and Nevada Affordable Care Act insurance exchanges in 2018. In April of this year, Centene CEO Michael Neidorff was quoted as saying “As to exchanges, we see nothing at this point to prevent us from proceeding with our 2018 marketplace participation.

According to Kansas City Business Journal, “As of March 31st, Centene served about 1.2 million exchange members, up about 500,00 from the previous year.” Centene Corp. is also expected to expand its six current markets in Washington, Indiana, Ohio, Georgia, Florida, and Texas signaling the potential for even more growth in 2018.

In a statement, Neidorff said, “Centene recognizes there is uncertainty of new healthcare legislation, but we are well positioned to continue providing accessible, high quality and culturally sensitive healthcare services to our members” according to an article on Reuters.

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Final Market Stabilization Rule

Did you know that approximately 500,000 fewer Americans enrolled in a plan during the open enrollment in 2017 than in 2016? The Centers for Medicare & Medicaid Services has issued the final market stabilization rule. The goal is to increase choices, lower premiums and encourage stability in health insurance markets for 2018.

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What is LifeLock?

Identity theft hit a record high in 2016, 15.4 million Americans fell victim – up 16 percent from 2015. *

 

LifeLock is the leader in identity theft protection services. Unlike a bank, a credit card company or a credit bureau, their focus is on protecting your identity – to help keep you safer in an always connected world.

DETECT & ALERT
Lifelock’s proprietary technology scans millions of transactions every second for threats to your identity.†

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Letter From Member Benefits’ CEO Regarding Health Insurance Delays During Open Enrollment

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Dear Client,

I want to assure you that all of us at Member Benefits completely understand your concern regarding the complications and delays that are occurring in regards to your application for health insurance. I feel privileged that you have chosen Member Benefits to help you with such an important decision to choose and apply for your health coverage.

These are unprecedented times for health insurance carriers. The following will help you understand why all of the carriers are overwhelmed to various degrees:

  • Over 27,000,000 people have newly applied or changed their plans for insurance since 11/01/15.
  • One of our leading carriers informed us that they received more than 10,000 applications on 12/15/15, the deadline date to apply for a 1/1/16 effective date.
  • Several carriers dropped some of their most popular plans for 2016, causing a panic amongst insureds to secure similar coverage with other carriers.
  • Regardless of the reasons, insurance companies underwriting, billing, and issuance systems are overwhelmed with the volume and are not able to deliver approvals, policy documents, and identification cards in a reasonable manner.
  • One carrier is predicting that policies may take as long as March to be issued with a 1/1/16 effective date.
  • Some carriers are asking us to inform insureds that they might need to pay their claims “out of pocket” and request reimbursement once the policy is issued.
  • Although the carriers greatly increased their staff to handle the volume, some carriers stated that they were expecting a 40% increase in customer service needs and actually received an increase of up to 500%.

It is important to me that you know our staff is working tirelessly and is in constant contact with the carriers to expedite the processing of our clients’ applications.

Again, we are all empathetic with your very justifiable concerns. In addition, we are certain that we will be able to satisfy your needs and ultimately deliver to you the product you applied for.

Earl C. “Chip” Trefry, Jr. CLU
President/CEO

 

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