- 3,384
In CA, the average long-term (non-FYC) is about 4 1/2 percent. However, this average is now based on the original FY premium of the plan without any premium increases being paid as was the norm. So really, average was 10% on actual premium now reduced to 4 1/2% average on only the initial premium. This makes the real reduction about 55% right out of the gate with an increasing reduction (annual premium increases) that could easily go over 60% or more long-term.
FYC of course is based largely on individual production. The two Blue carriers in CA pay as follows on FYC --
Anthem BC - 9%/10%/12%/14% depending on production level
Blue Shield CA - 12%/15% depending on production level
Top % number requires 100+ subscribers for each carrier on FYC. Prior to Jan 1, both carriers paid 20% FYC and 10% renewals on all sales and the 10% renewal was based on actual premium, not FY premium.
FYC of course is based largely on individual production. The two Blue carriers in CA pay as follows on FYC --
Anthem BC - 9%/10%/12%/14% depending on production level
Blue Shield CA - 12%/15% depending on production level
Top % number requires 100+ subscribers for each carrier on FYC. Prior to Jan 1, both carriers paid 20% FYC and 10% renewals on all sales and the 10% renewal was based on actual premium, not FY premium.
