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Frequently Asked Questions VACE Advantage PlansWhat is the annual fee Frequently Asked Questions VACE Advantage PlansWhat is the annual fee

Frequently Asked Questions VACE Advantage PlansWhat is the annual fee - PDF document

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Uploaded On 2021-02-11

Frequently Asked Questions VACE Advantage PlansWhat is the annual fee - PPT Presentation

What are the VACE Marketing sharesVACE pays Agents 10 per contract per month PCPM and Chambers receive 5 PCPM These shares have been accounted for in the monthly premium rates Ev Is Medicare pr ID: 831414

medicare vace advantage plan vace medicare plan advantage enrollment 146 employees secondary insurance worker chamber coverage enroll employer compensation

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Frequently Asked Questions VACE Advantag
Frequently Asked Questions VACE Advantage PlansWhat is the annual fee to join a Vermont chamber?Chamber memberships vary contact your local chamber. A list of participating chambers (and Agents) are on the VACE website What are the VACE Marketing shares?VACE pays Agents $10 per contract per month (PCPM) and Chambers receive $5 PCPM. These shares have been accounted for in the monthly premium rates. EvIs Medicare primaryor secondary coverage for employees eligible for Medicare and enrolled on a VACE Advantage plan?Medicare is secondary coverage for Medicareeligible employees enrolled on a VACE Advantage plan.Employees turning 65 during the plan year may choose to stay on their VACE Advantage Plan and have Medicare as secondary coverage or they can come off of the VACE Advantage plan and enroll in Medicare parts A & B.If a small group is in QHP now, and has employees over 65 for whom they are separately purchasing a Medicare Supplemental plan what happens if that group moves to VACE AHP?There are no Medicare supplemental plans compatible with the

VACE Advantage plans. Therefore, the 65
VACE Advantage plans. Therefore, the 65+ employee can either:Enroll on the VACE Advantage plan and Medicare Part A will be secondary. They can also disenroll from Medicare part B since it won’t be necessary. ORThey can stay on Medicare Parts A & B and enroll as an individual on a Medigap Blue Plan F. The employer can reimburse the employee for the premium if they choose.Can groups use BCBS’s Employer Resource Center to process enrollment transactions?No, VACE is the source of record for all enrollment transactions. Any changes processed through the Employer Resource Center will be overwritten by the daily EDI feed from VACE to BCBSVT.VACE accepts enrollment changes in 3 convenient ways:Email: vacehealth@vtchamber.comUSPS: VACE Insurance, PO Box 810, Montpelier, VT 05601Fax: 8022234257Does VACE require proof of Worker’s Compensation insurance?Proof of Worker’s Compensation insurance is not required at enrollment. The VACE Group Enrollment Agreement requires employers to attest that they have Worker’s Compensation insurance.