Timely Notification Requirements
Account Premium Payment After Employee Termination, enacted by passage of Texas Senate Bill 51 in 2005, amends Chapter 843 and Chapter 1301, of the Texas Insurance Code (TIC) and applies to fully insured HMO and PPO plans issued, delivered or renewed on or after January 1, 2006. The legislation does not affect self-funded accounts.
Blue Cross and Blue Shield of Texas (BCBSTX) provides an overview of the key aspects of this law within Blue Access for EmployersSM (BAE), a secure web portal for BCBSTX group clients. Log in to BAE and visit Employer Resources to access this information.
To review the actual legislation, please access the Texas Legislature Web site.
Are you looking for a health care insurer for your company or organization? Contact us to learn why Blue Cross and Blue Shield, the most trusted name in the industry, is the right choice for your business and your employees.