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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
June 22, 2004 at 08:00 PM
NU Online News Service, June 22, 2004, 5:23 p.m. EDT
Several states want to make nonprofit health plans return surplus capital to consumers.[@@]
North Carolina, Pennsylvania and Rhode Island all are requiring or planning to require Blue Cross and Blue Shield plans to return some of their surplus to plan members, according to Standard & Poor’s Ratings Service, New York.
S&P has criticized a new North Carolina surplus-return proposal. That proposal, included in a bill now before state lawmakers, would require that Blue Cross and Blue Shield of North Carolina, Chapel Hill, N.C., correct any surplus above an indicated level within a short timeframe, S&P says.
“As it is currently written, this proposed legislation could have a negative impact on the BCBSNC rating if it becomes law,” S&P says.
S&P has assigned North Carolina Blue an A plus insurance rating.
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