TranscendAHP - MichBusiness

Legislative & Regulatory Updates

Over the past month, there was a court ruling as well as a new Department of Labor (DOL) statement regarding association health plans (AHP). TranscendAHP is in full compliance with the Department of Labor (DOL) regulations, however, on March 28, 2019, a federal court ruling stated that AHPs are not in compliance with ERISA standards. The latest DOL Advisory Statement details were then released on April 29, 2019. From this Statement, it is clear that groups currently enrolled in TranscendAHP plan will continue to have coverage through the year (December 31, 2019). The appeal is being expedited with a possible conclusion as soon as September.

During the remainder of the plan year, you and your members will not experience an interruption in coverage.

Transcend is working closely with Blue Cross^® Blue Shield^® of Michigan to determine a recommended strategy prior to your January renewal. As more information becomes available from either the DOL or around the renewal strategy, you will receive additional communications.

You are highly encouraged to share this information with your employees who are enrolled in TranscendAHP. If you have additional questions you are encouraged to contact your health insurance agent.

Transcend Overview

What is an AHP?

Association Health Plans (AHPs) provide small business and sole proprietorships the opportunity to join together to obtain healthcare coverage; often resulting in lower rates and higher benefits.

TranscendAHP is a new way to cover your employees’ health benefits with some great financial benefits for you. It’s a fully-insured multiple employer health benefit plan
for Transcend member companies and is designed with small business needs in mind.

Who can apply?

Any company in good standing with 50 or fewer enrolled employees may apply. If you are already a current member of MichBusiness, you are eligible to join Transcend at a member-only rate. Keep in mind that sole proprietors with no employees are also eligible to apply to TranscendAHP.

What’s the advantage?

TranscendAHP was designed to better manage the cost of health insurance and provide benefit plans that may be a better fit for small business owners and their employees. Because TranscendAHP is fully insured and not subject to some of the Affordable Care Act’s (ACA) mandated benefits and taxes, the plan allows the cost of your benefits to better reflect the unique demographics of your business and your employees.

Plus, all TranscendAHP plan options are fully insured by Blue Cross® Blue Shield® of Michigan (BCBSM) or Blue Care Network (BCN) and therefore tied to the same network of doctors and hospitals that MichBusiness members have accessed for years.

How do I get started?

We encourage you to talk to your current licensed health agent about getting a quote for TranscendAHP. If you need to be connected with an agent, please contact our team and we’ll find someone in your area to help.

For More Information

MichBusiness Insurance Operations Team

insurance@michbusiness.com
(586) 393-8800

Learn More at TranscendMichigan.org

Legislative & Regulatory Updates

Transcend Overview

What is an AHP?

Who can apply?

What’s the advantage?

How do I get started?

For More Information

MichBusiness

MichBusiness Base Camp

Upcoming Community Events

Legislative & Regulatory Updates

Transcend Overview

What is an AHP?

Who can apply?

What’s the advantage?

How do I get started?

For More Information

Share TranscendAHP

MichBusiness

MichBusiness Base Camp

Upcoming Community Events