Can I receive credit for Annual Deductible accumulated under my prior group plan?
Companies transferring directly from a group medical plan to the BIAW Trust program are eligible to receive full credit of deductible (year-to-date) satisfied under that plan for each covered participant. Documentation from the previous insurance carrier is required to obtain these credits. Companies can request a group listing of deductible credits from most carriers. A fee may be charged. OR; Each employee may submit a copy of his or her most recent Explanation of Benefits (EOB) indicating deductible satisfied for each family member. This information must be provided to the BIAW Trust Administrator within 30-days of the company’s effective date of coverage to obtain the deductible credit. Please Note: Stoploss or Coinsurance amounts accumulated under a prior group or individual plan cannot be credited toward this plan’s maximums.
