CalCPA ProtectPlus

Having recently completed what looked like a paperwork endurance contest,  GIT staff and trustees were rewarded in  May when the Trust received a financial strength rating of B++ from insurance  company rating agency A.M. Best. In a press release announcing its positive evaluation, Best stated that the rating reflected the Trust’s “synergy with CalCPA, favorable level of capitalization and positive operating performance.”

The release went on to say that the Trust’s risk-adjusted capital position “remains favorable,” and is built upon “its historically positive operating results.” This gives a tremendous boost to all the GIT plans, affirming that they are as reliable as they are valuable.

Extended Rate Guarantee
On the heels of this good news, the Trust has announced that it will guarantee current 2009 premium rates for any newly enrolling firms through December 31, 2010. In terms of cost, there will never be a better time to switch to ProtectPlus than now. As CalCPA members you have available a variety of high quality health insurance plans that are already  competitively priced. By acting now, you and your employees can maintain current 2009 rates throughout 2010. Add to this the fact that ProtectPlus rate actions have averaged 7 percent over the past six years, which is significantly below average annual rate increases industry-wide,  and you should have all the incentives you need to enroll now.

Coordinating Benefits
ProtectPlus subscribers will occasionally receive a letter and questionnaire from Anthem Blue Cross asking if you have any other health coverage. For those who do, please be aware that the questionnaire will be used to determine what portion of your bills should be paid by ProtectPlus  and what portion by the other insurer. It is very important that you respond to this letter whether or not you have other coverage. If you have no other health insurance, you can simply call (800) 227-3641 and let Anthem know. If you do have other insurance, fill out the form and return it. In either case, do not delay because claims will not be processed until the form is returned or Anthem has been advised that no other coverage exists.