Options for groups with The Principal Financial Group
As you may be aware, The Principal Financial Group is exiting the medical insurance business and is transitioning their renewal business to United HealthCare. If you are a Missouri business that is currently with The Principal Financial Group you have several options.
Anthem has provided us notice that any group with 2-99 employees that has The Principal Financial Group as the current carrier, they can move to Anthem at the current rate. These rates will remain in place until the date of the original renewal with Principal. If your renewal is scheduled for December or January, Anthem will match either the Principal or United HealthCare renewal offer, both in rate and term to the closest benefit match available.
Since The Principal Financial Group is transitioning their renewal business to United HealthCare upon renewal, you may elect to stay with United HealthCare and should have an easy transition.
Now may be a good time to shop your current Group Health Insurance with multiple carriers to make sure you are getting the benefits you want for your employees with a premium that is affordable. We currently represent both Anthem and United HealthCare along with other major group health insurance carriers.
If you should have any questions or comments about this transition or Group Health Insurance for businesses in Kansas or Missouri, please feel free to contact us.
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