Your Small Group clients who enroll in a ChamberAdvantage plan will be billed for Kentucky Chamber of Commerce product dues 30-45 days after enrollment and again at renewal. They’ll also be billed annually for membership dues, because this plan requires Chamber membership in a participating chamber. Make sure your clients understand that they have to pay the chamber both membership dues and product dues.
Product dues are an administrative fee billed per plan term by the Kentucky chamber. They’re calculated for each enrolled employee (employee only, not dependents) for each month of the policy term.
Here’s an example: Your client has a 17-month rate. Product dues will be $4 for each enrolled employee for 17 months.
The ChamberAdvantage product dues acknowledgement form explains the details. Go over it with your clients when they sign it, and submit it with the enrollment application. Don’t let them get surprised by a bill from the Kentucky Chamber of Commerce. And be sure to set clear expectations with them about the dues. Payment of product dues is required, and Anthem has the right to terminate their policy if product dues are not paid.
Please call your Cornerstone Broker Advisor if you have any further questions.