BlueCross To Launch Private Exchange For Employer Groups In 2015

Friday, August 8, 2014

BlueCross BlueShield of Tennessee will launch BlueMarket, a private exchange for employer groups and their employees, on Jan. 1, 2015.

Officials said the Blue-branded marketplace is a new way for employers to offer health care coverage to their employees, allowing them to shop from a broader selection of coverage options and find a plan that fits their unique health care needs.

"BlueMarket will be available to both fully-insured and self-funded groups of at least 151 employees. It can be structured as a traditional defined-benefit plan or as a defined-contribution plan, meaning an employer can provide a specific amount of money to their employees who can then shop for their own coverage. It also features a simpler enrollment process," officials said.

The BlueMarket launch comes on the heels of BlueCross’ strong performance on the Health Insurance Marketplace, which saw the company capture 88 percent of those who enrolled in Tennessee, it was stated.

“BlueCross is committed to offering affordable health care coverage to all Tennesseans. We’ve seen very strong interest from employers in a defined benefit model and exchange platforms that offer more choice,” said Henry Smith, senior vice president of operations and chief marketing officer for BlueCross. “We recognize that employer-sponsored plans will continue to be the way most people get their coverage and we want to lead the private exchange marketplace for Tennessee.”

BlueMarket will offer seven medical plan options, which is more than are currently available to most group customers. The expanded choice, along with online decision support and education materials, will ensure BlueCross members are getting the plan that best fits their needs.

Officials said BlueMarket offers:

  • An easy online shopping experience for employee benefits
  • Expanded plan choices
  • Increased transparency, showing employees how much employers contribute to benefits
     
  • Valuable employee decision support tools

  • Defined contribution funding and simplified administration with no additional cost


Morning Pointe Senior Living Promotes 3 To Vice President Leadership

Morning Pointe Senior Living announced three vice president promotions at its corporate office based in Ooltewah. Each of the roles provides support to 30 Morning Pointe Senior Living communities in five states, as well as regional staff and corporate associates. “We are very pleased to promote these associates who have given their hard work and dedication to Morning Pointe for ... (click for more)

LIFE FORCE Pilot Named EMS Pilot Of The Year By National Association

National EMS Pilots Association (NEMSPA) named Brad Simmons 2017 EMS Pilot of the Year. Mr. Simmons is currently LIFE FORCE 5 Base Aviation manager and pilot.   The “NEMSPA Pilot of the Year Award” is awarded to an EMS Pilot nominated by the nation’s air medical transport community of over 300 air medical services. This award recognizes an EMS pilot who has distinguished ... (click for more)

Shaw Industries To Invest $42 Million At Decatur, Tn., Plant

Tennessee Department of Economic and Community Development Commissioner Bob Rolfe and Shaw Industries Group, Inc. officials announced Friday that the floor products manufacturer will invest $42 million to upgrade its yarn facility in Decatur. Shaw plans create 75 new jobs in Meigs County as part of the investment. “I’d like to thank Shaw for its continued ... (click for more)

$125 Million County School Building Plan Includes Shifting CSLA To Tyner Middle; Combining Tyner High/Middle; New Harrison Elementary, New East Hamilton Middle

Hamilton County School officials on Thursday unveiled a $125 million building plan that includes moving the Chattanooga School for the Liberal Arts to the current Tyner Middle School, which will undergo a major renovation. Tyner Middle will move across the street into Tyner High School. Both Tyner buildings have been under-utilized for a number of years. There will also be ... (click for more)

Trump - And Response

Hardly a day, even a moment, goes by when some news flash appears sharing what  Trump  said or did. Not catchy and cute as we might feel when we see the baby turn over for the first time or say Da, da. Instead, this grown man and our president defies child cooing and smiling and instead frowns amid growing anger that we voted for this man, a grown up not quite potty-trained.  ... (click for more)

Roy Exum: At Last! New Schools

In this me-me-me-only-me world of today, we-we-we-finally got a thrilling $125 million facility plan for the Hamilton County Department of Education on Thursday night. The School Board unanimously approved a well-thought-out “first Band-Aid” that will provide a new elementary school in Harrison, middle schools in East Hamilton and Howard, and a quite-satisfactory answer to move ... (click for more)