Health insurance refunds received by some Vermont businesses

Vermont Business Magazine Business Resource Services (BRS) announced today that two out of three companies covered by Blue Cross and Blue Shield of Vermont’s Blue Edge Business (BEB) health plans have earned money back on their 2020 premiums.

“BEB plans are working, as designed, to help small businesses,” remarked Mitch Fleischer, President of BRS. “The best evidence of their success is the fact that two-thirds of BEB groups will receive a refund on their 2020 claims experience this year. And the remaining groups that won’t receive a refund still enjoyed some of the lowest premiums available.”

BEB health plans are available to Vermont businesses with as few as five enrolled employees.

These plans, available only through BRS, allow companies to access a health insurance product that provides the potential for a business with good claims experience to share in that success.

In September, BRS will begin open enrollment and accept applications for BEB coverage effective January 1, 2022.

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

Source: South Burlington, VT: Business Resource Services 7.7.2021