Health insurance refund possible for Vermont businesses

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Health insurance refund possible for Vermont businesses

Tue, 10/20/2020 - 4:10am -- tim

Vermont Business Magazine Business Resource Services (BRS) announced Monday that over 80 percent of businesses covered by Blue Cross and Blue Shield of Vermont’s (BCBSVT) Blue Edge Business health plans are on track to earn money back on their 2020 premiums.

Blue Edge Business health plans officially launched in January 2020, and are available to Vermont businesses with as few as 5 enrolled employees. These plans, available only through BRS, allow businesses to access a health insurance product that provides the potential for a business with good claims experience to share in that success. Reporting data as of October 2020 indicates that the vast majority of businesses may receive refund checks in 2021.  

“Reducing the burden of health care costs, and sharing the financial reward that comes from supporting a healthy workforce, is truly a win-win for businesses right now,” remarked Mitch Fleischer, President of BRS.  

“We are pleased to continue our partnership with BRS. During this difficult time, ensuring Vermont businesses can offer a number of health care coverage options to their employees is critical,” says Don George, President and CEO of Blue Cross and Blue Shield of Vermont. “Our Blue Edge Business products are designed to offer a lower cost alternative to traditional insurance while promoting the health and wellness of Vermont employees.”

BRS is currently accepting applications from businesses for Blue Edge Business coverage effective January 1, 2021.

BRS has been providing business solutions to members for over 30 years. More information about Blue Edge Business health plans can be found at www.brsvt.com/blue-edge-business/

Source: South Burlington, VT:  Business Resource Services 10.19.2020