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Broker News | July 2015 | Vol. 10 No. 6
Broker News | July 2015 | Vol. 10 No. 6

New York State Prior Approval of Rate Changes

On or around July 31, 2015, an application will be submitted requesting 2016 premium rate changes in accordance with New York state prior approval law. This rate application applies to Large Group HMO and Medicare Supplemental products.

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
Your agency will receive a notification with copies of the notices being sent to your groups the week of July 31. 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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