Empire HealthChoice HMO, Inc. (“Empire”) has submitted rate change requests to the New York Department of Financial Services (DFS) to modify premium rates for its new and renewing Large Group products starting on April 1, 2016, upon renewal. The requested increase ranges from 21.6% - 25.6%. Large Groups with the following products will be impacted:
Effective April 1, 2016, for new business and upon renewal for existing Large Groups:
New York State law requires that groups and subscribers be notified when carriers submit a premium rate change request to the DFS. It also requires that we explain the proposed rate change. A narrative, which explains this proposed rate change request, will be available on empireblue.com/priorapproval after October 9, 2015.
As a result, we want to ensure that you are aware of the following communications that we will mail on Friday, October 9, 2015, to group benefit administrators (GBAs) with the impacted products:
Sample Large Group filing notification:
We will include the notification of approved rates in renewal packets. Please note that the final, approved rates may differ from what is listed in the rate filing notice because the DFS may modify the proposed rates.
For all inquiries relating to existing Large Group business, call your Empire account representative.