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Broker News | July 2016 | Vol. 11 No. 7
Broker News | July 2016 | Vol. 11 No. 7

New York State Prior Approval of Rate Changes

On July 21, 2016, an application will be submitted requesting 2017 premium rate changes in accordance with New York state prior approval law for Large Group HMO products and on August 2, 2016 for Medicare Supplement products.

The following products are included in this 2017 rate filing:

  • Blue Choice 25
  • Blue Choice 30
  • HMO Blue 25
  • HMO Blue 30
  • Medicare Supplement

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

Broker Communication
You will receive an email notification with copies of the initial notification letters when they are sent to your groupsYour groups will receive an annual rate notification with the actual, approved rates 60 days prior to their renewal date.  The annual rate notices will be available to Brokers on Information Connection.

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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