Reminder on Action Required: Balance Billing Protection
As a courtesy to our self–funded groups, we would like to remind you that beginning January 1, 2021, many Virginians covered under health insurance plans will have protection from "surprise billing" or balance billing.
As an Elective (self–funded) Group Health Plan, you must opt–in to this balance billing law at least 30 days prior to your effective date if you would like to offer this protection to your employees. For February 1, 2021 groups, the deadline for submission is January 2, 2020.
To opt–in to the balance billing law, you must complete and submit the Elective Group Health Plan Opt-In form located on the State Corporation Commission (SCC) website ; one form must be submitted for each group number. These steps will help you navigate the site and fill out the form.
You can track the status of your election on the SCC Elective Group Health Plan Search page.
If you receive a follow-up email from the Bureau of Insurance (BOI) regarding your form submission, please respond directly to the BOI to expedite the approval process.
If you would like to change opt-in information, terminate from the opt-in, or make a change to previously submitted information, you must complete and submit the Elective Group Health Plan Opt-In Change/Request Termination form.
If you have any questions, please contact your Optima Health representative.