Group Medical Plan with Provider Reimbursement Rate of 120% of Medicare

One of my groups gave me a quote ( large group) that another agent gave them with a $119.00 ee rate. In the fine print it stated that the provider reimbursement rate was an amount equal to 120% of the Medicare fee schedule. No Insurance carrier information on the quote.

Has anyone ran into this type of a plan yet ? :no::no::no::no:
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