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ADDENDUM # 6
RFP # FY 20162017003
FULLY INSURED GROUP MEDICAL AND PRESCRIPTION BENEFITS
ANSWERS TO QUESTIONS RECEIVED BY THE MAY 12, 2017 11:00 AM EXTENDED DEADLINE:
QUESTION #1:
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What is fully insured group medical?
Fully insured group medical refers to a health insurance plan where the employer pays a premium to an insurance company in exchange for coverage for their employees.
Who is required to file fully insured group medical?
Employers who offer fully insured group health plans are required to file fully insured group medical.
How to fill out fully insured group medical?
To fill out fully insured group medical, employers need to gather information on their employees, such as names, Social Security numbers, and plan enrollment details, and submit it to the insurance company.
What is the purpose of fully insured group medical?
The purpose of fully insured group medical is to provide health insurance coverage to employees through a plan that is fully funded by the employer.
What information must be reported on fully insured group medical?
Information that must be reported on fully insured group medical includes employee names, Social Security numbers, plan enrollment details, and any contributions made by the employer.
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