
Florida Blue Announces Balanced Funding Renewal Enhancements
Florida Blue Announces Balanced Funding Renewal Enhancements
4/14/2025
Good news! Florida Blue has enhanced the Small Group Balanced Funding renewal process, introducing improvements that will streamline the experience for all Small Group renewals with a balanced funding or level funded arrangements. These changes will be in place for group renewal contracts starting July 1, 2025:
- Simplified Quoting Flow When Renewing As-Is: In the past, the medical questionnaire was displayed in the quoting flow, even when the group was renewing with no changes. Florida Blue is removing this unnecessary step, ensuring that the renewal letter and SellPoint display the same rates.
- Improved Rate Consistency When Renewing With Changes: In the past, rates didn't always match between initial and final quotes. Florida Blue has updated the process so that SellPoint only requests new rates if census data changes between the initial and final quotes. Thus, rates will also only vary when census data changes.
The bottom line? Agents, sales teams, and brokers should experience an improvement in the overall renewal experience, with less confusion and more time saved.
Help ensure a smooth transition and support for your groups by reviewing the information in this article and familiarizing yourself with the new process, its impact, and how it affects your role and responsibilities.
Contact your Amwins Connect Regional Sales Manager today if you have any questions or concerns.