BlueCross To Launch Private Exchange For Employer Groups In 2015

Friday, August 08, 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

Heartland Ranch To Fund Interactive Arcade At Orange Grove Center

Orange Grove Center, Heartland Ranch and UTC Department of Health Promotion and Human Performance announce the grand opening of the Heartland Arcade at Orange Grove Center, Isidore Tyber Building,  2325 Shady Ln.  on Friday from 10:30-11:30 a.m. Funded by the Heartland Ranch, the arcade will provide interactive kinetic video and arcade gaming opportunities for individuals ... (click for more)

'Cops For A Cause' In Support Of 2nd Annual Chattanooga Autism Awareness Walk

The 2nd Annual Chattanooga Autism Awareness Walk will take place on Saturday, Nov. 8 at Coolidge Park with a starting time of 10:45 a.m.,  with children’s activities available starting at 8 a.m. The route for the 2 miles total walk will start at Coolidge Park and continue over the pedestrian bridge, around the art district and then back to Coolidge Park. For this ... (click for more)

Downtown Chattanooga Apartment Complex That Brought $3 Million Profit Exempt From Most Taxes Until 2022 Under PILOT

A downtown Chattanooga apartment complex that recently was sold at a $3 million profit is exempt from most property taxes through 2022 under a PILOT (payment in lieu of taxes) agreement.   No payment of school taxes was included in the deal for Walnut Commons at Walnut Street and Aquarium Way.   The only taxes due on the property for the next eight ... (click for more)

Chickamauga Lock To Reopen As Soon As Next Thursday

The U.S. Army Corps of Engineers Nashville District  plans to reopen Chickamauga Lock to all navigation traffic as early as next Thursday. An inspection of the upper gate anchorage and a repair plan were completed today. Chickamauga Lock closed on Monday after a routine inspection revealed a crack in the anchorage of the upper gate. Lt. Col. John Hudson, commander ... (click for more)

A Vote For Education Is Critical In Tennessee

In a state where just 28 percent of eighth graders are proficient in math and 33 percent are proficient in reading according to national assessments, education is deserving of more attention in 2014 elections. Across the country, more parents are making informed decisions about their child’s education, but for Volunteer State parents without resources, choices are difficult to come ... (click for more)

Roy Exum: Saban: ‘Ratings Don’t Matter’

When the first College Football Playoff rankings were released earlier this week, Alabama football coach Nick Saban got it right on the button when he shrugged, “I don't even care, to be honest with you." "To me, none of it matters, What does it matter?” he laughed at the Tide’s No. 6 ranking. “I mean, it only matters where you end up at the end. So what matters to us is how ... (click for more)