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Broker News | Vol. 8, No. 12 | June 14, 2013
Broker News | Vol. 8, No. 12 | June 14, 2013

New York State Prior Approval of Rate Changes

We are planning to submit an application requesting rate changes for 2014 renewals for a small number of products on or about June 28, 2013, in accordance with New York State prior approval law. 

Very few products and groups are affected by this filing due to Health Care Reform and product discontinuances. The following products are included in the 2014 Rate Filing:

  • Large Group HMO (Blue Choice, HMO Blue)
  • Medicare Supplement

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, expressed as a percentage by region and quarter, where applicable. 

Broker Communication

Brokers will receive a PDF with copies of the notices being sent to your groups around June 26-27. A more detailed narrative will be available around Friday, June 28 by logging into our Broker website. 

Groups and Brokers 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 | Sample letter (PDF)

For more information, please contact your Account Consultant.

 

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