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Broker News | May 2015
Broker News | May 2015

New York State Prior Approval of Rate Changes

On May 15, 2015, an application was submitted requesting 2016 premium rate changes in accordance with New York state prior approval law. This rate application applies to Community Rated Individual and Small Group products.

The following products are included in this 2016 Rate Filing:

  • Direct Pay Metal Plans
  • Bassett Preferred Gold
  • Bassett Preferred Silver
  • CNY Preferred Gold
  • Healthy NY EPO
  • SimplyBlue Plus
  • Excellus BCBS HMO

Employer Group Communication
Initial notification letters will be mailed to community-rated employer groups and direct pay members enrolled in the products listed above. The letter will include our requested rate changes.

Broker Communication
You will receive a notification with copies of the notices being sent to your groups the week of May 26. View sample letter. You and your groups will receive notification of actual, approved rates 60 days prior to their renewal date.

Prior approval, state requirements for initial notice & 60-day notice of rate changes.

For more information, please contact your Account Consultant.

 

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