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01-09-2019 Council Packet
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01-09-2019 Council Packet
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Why the PEIP Pool is an Ideal <br />Partner for your group <br /> <br /> Over the last eight years renewals the PEIP pool has averaged a 2.3% increase!! The <br />pool is up to over 115 schools, 200 total groups/30,000 members. <br />July Group Average January Group Average <br />July, 2010 +8.0% January, 2013 +5.0% <br />July, 2011 -6.6% January, 2014 +.5% <br />July, 2012 -3.3% January, 2015 +2.4% <br />July, 2013 +6.0% January, 2016 +5.5% <br />July, 2014 +1.9% January, 2017 +3.5% <br />July, 2015 +2.0% January, 2018 +.2% <br />July, 2016 +5.9% <br />July, 2017 +1.3% <br />Combined Pool Average rate increase = 2.3% <br /> <br />Average increase including plan design changes = 3% <br /> <br /> PEIP is a self funded trust plan administered by the state of MN. PEIP leverages off of <br />the state’s 50,000 employees to create a unique plan design which offers a great deal <br />of transparency and flexibility. Because of our pooling structure, PEIP offers the <br />advantages of self funding (lower administration costs) without the claims volatility. <br /> The tiered clinic model actually reduces claims costs by incenting members to use the <br />most efficient clinics. The use of tiered primary care cost levels has delivered <br />excellent results (demonstrated in favorable renewals ) along with low fixed <br />costs/expenses. <br /> Under PEIP each employee can select from three different plan designs and three <br />excellent networks (HealthPartners, Blue Cross, and Preferred One). <br /> <br /> <br /> <br />Innovo Benefits 952.746.3101 or 800.829.5601
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