New York State Prior Approval of Rate Changes
We are submitting an application requesting rate changes for 2013 renewals to NYS DFS on or about June 29, 2012, in accordance with New York State prior approval law. Initial notification letters will be mailed June 28-29, 2012 to community-rated employer groups. The letter includes our requested rate changes, expressed as a percentage by region and quarter for all products.
Brokers will receive a PDF with copies of the notices for groups on the iFacets system June 28, 2012. Samples of the letters going to groups on the legacy systems, along with a more detailed narrative, will be available Friday, June 29 by logging into the Broker website. Groups and Brokers will receive notification of actual, approved rates 60 days prior to their renewal date.
For more information, please contact your Sales Consultant.