Notifying Customers About 2Q 2011 Rates
The New York State Insurance Department ("NYSID") now has the authority to review and approve in advance health plan premium rate increases for community-rated plans. For small groups (including sole proprietors) renewing in the second quarter of 2011, we received approval from NYSID for final premium increases over our currently-filed first quarter 2011 rates.
Since we were unable to notify groups renewing April 1, 2011 of their new rates within 60 days of their renewal date, these groups will continue to pay their current monthly premium through April 30, 2011.
We have sent to affected EmblemHealth groups notifications about the approved percent increases over currently-filed first quarter 2011 rates. The percent increases by renewal date are as follows:
*includes EmblemHealth CompreHealth plans
Please note that the approved increases above do not reflect the total renewal rate increase in most cases. Other components will factor into your clients' total renewal rate increase. They include:
To view samples of the renewal notifications we sent to groups, please click on the appropriate link below:
We look forward to continuing to work closely with you to best serve our customers and your clients. If you have any questions, please contact your EmblemHealth representative.