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Principal Health Care of Illinois
is a regional operating company designed to meet the healthcare needs of employers domiciled in the state of Illinois. Principal Health Care offers proprietary managed care options including their new MAXIMUM CHOICE plans. The MAXIMUM CHOICE plans, generically referred to as Point of Service plans, offer each employee the choice to use HMO, PPO, and traditional benefits, decided only at the time of service.
Special Features
Principal health plans are available to employers with two or more full time employees. Principals underwriting is amongst the most flexible of all carriers with small group products.
. Maternity and Fertility benefits are included in all plan designs. Principal will reimburse doctors non-network providers at 125% of Medicare
Reimbursement rates. If your doctor charges you more than 25% above what they charge a patient who is over age 65, those charges won't be covered.
Rates and Service - Opinion Suspended.
Underwriting and Billing
Underwriting is done by health statement only. Timely new hires are asked no health questions. For those with prior coverage,
Renewal Rate History
- Principal Healthcare renewals in 1998 have averaged in the high single digits. .
Point of Service Plans and HMO's are better able to control physician costs. You can assume
that rate increases will be percentage points lower than other types of plans. .
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