Medicare Information regarding what Medicare is and how it affects your group insurance coverage. If you are enrolled in CIP and become eligible for Medicare, you must enroll in both Medicare Part A and Part B to avoid a reduction in the amount of benefits CIP will pay.
Full Answer
Who administers the benefits offered to CIP participants?
The various benefits offered to CIP participants are administered by plan administrators.
Where can I find answers to General CIP questions?
On the Contact Information page, members may view the phone number for the Group Insurance Division and links to the State Universities Retirement System's (SURS) insurance page and all of the CIP plan administrator websites. Members may find answers to general CIP questions on the Frequently Asked Questions page.
What is CIP (controlled insurance program)?
Controlled Insurance Program (CIP) — a centralized insurance program under which one party procures insurance on behalf of all (or most) parties performing work on a construction project or on a specific site.
What is a CIP in construction?
Commonly referred to as "wrap-ups," CIPs are most commonly used on single projects, but other uses include contract maintenance on a large plant or facility (see "Maintenance Wrap-Up") or on an ongoing basis for multiple construction projects (see "Rolling Wrap-Up").
State Employee Group Insurance Program
Click here for more information on the State Employee Group Insurance Program.
College Insurance Program
Click here for more information on the College Insurance Program (CIP).
What is a CIP?
Benefit recipients who enroll in the College Insurance Program (CIP) receive health, prescription, vision, dental and behavioral health benefits for one monthly premium. Dependent beneficiaries can be enrolled in the program at an additional cost and will have the same health plan as the benefit recipient. The various benefits offered ...
What is Medicare Part A and Part B?
If you are enrolled in CIP and become eligible for Medicare, you must enroll in both Medicare Part A and Part B to avoid a reduction in the amount of benefits CIP will pay.
What is CCHP in the Handbook?
Also included are amendments that update the handbook and a summary document indicating the benefit levels of the College Choice Health Plan (CCHP).
When is reenrollment for CIP?
Reenrollment. is allowed for CIP members anytime throughout the plan year with a qualifying enrollment opportunity and coverage will be effective the first of the month following your enrollment request or during your annual TRAIL MAPD Enrollment Period.
What is a trail medicaid plan?
The plans offered through the TRAIL Program are Medicare Advantage plans which include Prescription Drug coverage. These plans are typically called "MAPD" plans. As a CIP member who is newly-eligible for enrollment in a TRAIL MAPD plan, you must make a choice during your TRAIL MAPD Enrollment Period to enroll in one of the plans offered. If you do not want TRAIL MAPD coverage, you can cancel which will terminate your medical and prescription drug coverage, as well as dental and vision coverage. Canceling the TRAIL MAPD coverage does not allow you to stay in your current CIP health plan.
Can you be in one Medicare Advantage plan at a time?
If the MBI (found on your Medicare card) is not provided, your TRAIL MAPD and CIP coverage will be canceled. • You can only be in one Medicare Advantage or Medicare Part D (prescription drug) plan at a time. Enrollment in the TRAIL MAPD plan provides you with Medicare Advantage coverage as well as Medicare Part D coverage.
Does Medicare pay for a fixed amount?
Medicare pays a fixed amount for your care each month to these companies. When you enroll in a Medicare Advantage Prescription Drug (MAPD) plan, you are no longer in Original Medicare, but still have the same covered services and the same rights and protections as people with Original Medicare.
Does MAPD count as a deductible?
The MAPD plans are not permitted to take into account the deductible (s) you might have already paid in your other plan. Any deductible paid to your current medical plan will not count toward your MAPD plan year deductible. The MAPD medical deductible is separate from your dental plan deductible.
What is a CIP insurance policy?
The term controlled insurance program (CIP) refers to an insurance product that provides coverage on a construction project. CIPs are designed to pools coverage for contractors and subcontractors together into a single policy. One party purchases a single insurance policy on behalf of all or most of the parties working on a specific site or project.
Who purchases a CIP?
To help ensure that all parties are adequately covered, the property owner or project leader—often a general contractor or a development firm—may purchase a CIP on behalf of all the project participants. 1 Individual parties involved in the program may be able to reduce both their overall risk and their cost of insurance by coming together into a single policy. That's because the group enjoys greater purchasing power than any of the members do individually.
What is a CIP policy?
The term controlled insurance program (CIP) refers to an insurance product that provides coverage on a construction project. CIPs are designed to pools coverage for contractors and subcontractors together into a single policy. One party purchases a single insurance policy on behalf of all or most of the parties working on a specific site or project. The lead party is generally reimbursed by the other insured parties. These simplified policies help contractors reduce the costs associated with construction insurance. CIPs may also be used to cover other instances such as maintenance of large facilities.
What is controlled insurance?
Controlled insurance programs represent a type of insurance that is commonly used within the construction industry. 3 After all, construction projects require a range of different parties who help move a project from start to finish and specializations, such as developers, contractors, and construction managers.
Why do companies use CIPs?
For instance, companies may take out these policies to protect themselves in the ongoing maintenance of a large facility or on an ongoing basis to cover a series of construction projects. 3.
Why do people have their own insurance?
Each of these parties typically maintains their own insurance policies to avoid paying for damages or injury claims on an out-of-pocket basis. But this can lead to exclusion gaps in which some risks are not effectively covered or to some parties failing to purchase enough insurance to effectively mitigate even their covered risks. If these weaker parties are deemed responsible for damages, they may be unable to pay. If this happens, they may be forced into bankruptcy .
Does controlled insurance cover construction?
Controlled insurance programs may not provide coverage for construction vehicles and/or commercial property, such as tools and machinery.
What is an OAP plan?
In general, managed care plans, such as Health Maintenance Organizations (HMOs) and the Open Access Plan (OAP), deliver healthcare through a system of network providers and have a lower monthly premium than the College Choice Health Plan (CCHP). Members will find a listing of providers who participate in the health plan's network ...
What is the FY2021 health plan?
FY2020 Health Plan Map. The Affordable Care Act rules require health plans to provide a summary of benefits and coverage and a glossary of health coverage and medical terms, designed to make it easier for you to compare your options and understand exactly what you are buying.
Who offers OAP in 2021?
We are pleased to announce that these Open Access Plans (OAP) will now be offered by Aetna, HealthLink and BlueCross BlueShield of Illinois.
Does Aetna administer CCHP?
For those enrolled in the College Choice Health Plan (CCHP) your behavioral health provider network and claims will now be administered by Aetna. Please be sure to review the Aetna provider directory to ensure your provider is in-network, or contact Aetna to discuss transition of care.
Is there a managed care plan for CIP?
There are several managed care plans located throughout the state available to CIP members. In addition to managed care, CIP offers the FY2021 College Choice Health Plan, (FY2022 CCHP - effective July 1, 2021) administered by Aetna, which allows plan participants to access any provider nationwide. Enhanced benefits are available for CCHP members who receive services from a CCHP network provider.
Rates
- The Department of Central Management Services (CMS) determines the cost of this insurance. SURS has no information regarding the future costs for CIP insurance.
Value of Benefit
- CMS estimates the value of a retiree’s CIP coverage over their lifetime is approximately $130,000 (this assumes retirement at age 65 and one dependent). If you meet eligibility requirements and do not take a lifetime monthly benefit, you will give up the opportunity to participate in this insurance program.
Monthly Contributions
- The College Insurance Program (CIP) shares the cost of health coverage with you. While CIP covers the majority of the cost, you must make monthly contributions based upon the health plan you select. * This rate applies to benefit recipients enrolled in Medicare Part A only and whose Part B benefits are reduced. If you, or your dependent is actively working and eligible for Medicar…
CIP Trail Mapd Medical Contributions
- Members in the College Insurance Program (CIP) are responsible for a monthly contribution for Total Retiree Advantage (TRAIL) Medicare Advantage Prescription Drug (MAPD) health coverage that includes prescription drug, dental and vision benefits.
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