Do brokers need a security license to sell HSA plans?
A. Not for the accounts themselves. If HSA account holders have detailed questions about the mutual funds offered through Mellon, they will be referred to a licensed mutual fund representative at Mellon. Q. If a producer moves a client from Blue Value to an HSA plan using a change of coverage form, does preexisting start up again? A. No. Q. What benefits in the BlueEdge plans are subject to the deductible? A. All benefits are subject to the deductible. Q. Regarding the BlueEdge products, is there a separate out-of-pocket maximum for out-of-network providers? A. Out-of-pocket maximums double when using a non-participating provider. The individual out-of-pocket maximum becomes $6,000 and the family out-of-pocket maximum becomes $12,000. Refer to page one of the Outline of Coverage for the BlueEdge Individual HSA. The deductibles remain the same whether in-network or out-of-network. Q. Can a current BCBSIL member convert from an existing plan to a BlueEdge plan? A. Yes. Upgrade/downgrade
