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Broker News | July 2017 | Vol. 12 No. 7
Broker News | July 2017 | Vol. 12 No. 7

New York State Prior Approval of Rate Changes

On July 19, an application was submitted requesting 2018 premium rate changes in accordance with New York state prior approval law for Large Group HMO products. Additionally, on August 4, a similar application will be submitted requesting 2018 rate changes for Medicare Supplement products.

The following products are included in this 2018 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 above-listed products. The letter will include our requested rate percentage changes.

Broker Communication

An encrypted email message with copies of the initial notification letters being sent to your groups were sent beginning July 19, for Large Group HMOs. Email notifications for Medicare Supplement products will begin being sent on August 4.  Please note: the encrypted e-mails will expire if not read within the specified timeframe as indicated in your e-mail notification.  Your 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.

Please be aware, encrypted files expire after a specified time from the send date. You will not be able to access the information in the file if the email isn't opened and read within that time. You will also be prompted to create a password associated with your email address in order to access the encrypted file.

 

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