Challenge Overview
We (at Aegle) will be onboarding a new application team. This will be the first of many projects. This project will aid the team in learning the process. Provided things go well, you can anticipate to be identifed for future work within the area.
Executive Summary (from Vision/Scope document):
To better prepare for the 2014 product requirements for Healthcare reform we will be classifying all plans as either compliant or non-compliant and add communication in 2013 to explain these requirements. This is a difficult concept to understand which is why we feel it is important to begin educating groups, Brokers, and Sales Associates on this concept in 2013. Groups need to be made aware of their current level of benefits and if they will need to buy richer or different benefits in 2014. By identifying plans that pass the actuarial equivalence requirements, groups will begin to see how they may need to make changes in 2014 and can begin to make small changes with their 2013 renewal.
The intent of this project will provide the ability to identify plans that are at least 60% actuarially equivalent vs. those plans that are less than 60% actuarially equivalent and communicate the information via the renewal letter, alternate quotes and new business quotes. This information will display for all small business medical plans quoted at new business or renewal during 2013 and beyond for all agents and Alternate Distribution Partners.