February 21, 2016
Notice of service fee changes
As communicated in a recent Broker Blast, we’ve made several improvements to our service fee model to ease the administrative burden for you and our mutual clients. Please visit the Broker Service Fees Agreement page for additional information.
Starting with the January 2017 renewal and new business cycle, the Broker Service Fees Agreement and Notice of Service Fee Changes Form will be effective on a prospective basis, the first of the month following receipt unless a later effective date is specified.
- Example 1: If a Broker Service Fees Agreement is submitted on January 15, the effective date for the new broker fee will be February 1.
- Example 2: If a Broker Service Fees Agreement is submitted on January 15 and the broker requests it be made effective March 1, it will be effective on March 1.
Thank you for continuing to provide us with feedback on the service fee model. If you have any questions on service fees, please contact Broker Relations at BrokerRelations@bcbsri.org.