Blue Cross Blue Shield Utah – An Excellent Choice Quote Now
Blue Cross Blue Shield Utah is proudly
represented by Benefits Manager Inc. on our comprehensive Web Site –
benefitsmanager.net.
Why
does that excite us?
Regence BlueCross BlueShield Utah, with more
than 600,000 customers, is the state’s largest insurer. Its products and plans
include Individual, Group, Medicare Supplement and Life & Disability. BlueCross
BlueShield Utah Members have convenient and comprehensive access and network
choices that include 43 hospitals and 3,300 physicians. The company’s operating
expense ratio – 9.3 percent – is one of the lowest in the nation among health
insurers.
What does having BlueCross BlueShield in Utah
mean to you? It means more insurance options and better access to excellent care
at a reasonable cost! It also means knowing you are dealing with a stable
insurance company in Utah with a rich history.
Together, independent Blue Cross and Blue
Shield Plans provide health care financing for almost 66 million people, roughly
one in four Americans. Blue Cross Blue Shield Utah
has the right plan for you – 66 million people think it does.
They are a non-profit
organization with a superior hospital / physician network
exposure in state. Neighboring states they have good
provisions and extensions to physicians and hospitals. They allow many different physician panels like IHC.
Their ValueCare benefits for
both group and individual policies are popular and work real
well.
All employer group sizes
compete very well in market price. Their group price
renewals are very reasonable.
Their individual and family
plans are competitive in both benefit and market price with IHC.
Underwriting department has
increased in efficiency. There issue time on a clean
application is 3-4 business days. They are extremely agent
friendly interface.
Projections
We sleep very well at night
with the many insured we place under their care. They have
always been a consistent factor.
It is our hope they continue to
monitor the market changes and move toward a eCommerce age. We have and will continue to consult with them on a regular
basis pertaining to ease of eCommerce.
Most authorities in our field
all agree they will continue to be a viable and competitive
force to be reckoned with. Their new plan versions
continue to sweep through the market.
It is our hope they would avoid
an "oligopoly" competition model of market pricing with IHC.
What does this mean? Well when you have only two
competitors in any market you will see trends of "price fixing"
to stabilize and capture a market. Although you
technically cannot "price fix" in a insurance market you can
suppress minimum rates to be above normal profit ranges.
However, when you look at the nation overall (we have experience
with other states) Utah has one of the richest benefit levels
available at lower premiums. Most employers in other
states offer (based upon what their price tolerance level is)
deductible plans starting at the $2000 range. Utah's
average deductible is $500.
