Legislative Updates

Legislation was introduced in late May that would return NY to prior approval of rates from our current practice of file and use. Prior approval is essentially a regulatory approval process whereby rates cannot go into effect until approved by the Insurance Department. This allows the Superintendent of Insurance complete discretion to determine rates for small businesses and individuals. Please urge your lawmakers to oppose this misguided legislation that would lead to serious unintended consequences.  

Learn more and contact your lawmakers directly. Click here  

 

The urgency of the health care crisis in today’s economy calls for thoughtful, sustainable solutions. As one of the country’s leading health benefits companies, we have real-world, proven solutions to share. We not only know how to get health care reform done, but how to get it done right. We are currently advancing strategies to improve quality, which can help better manage costs and improve insurance coverage, and by working together with the government, employers, and providers, we can build a health care system that is accessible to all and provides quality care for those who need it most.  

Learn more and contact your lawmakers directly. Click here  

 

You may have read or heard in the news about additional “fees and assessments” that have been incorporated into the New York State budget, but what you may not realize is the direct impact those fees and assessments have on health insurance premiums. Health care premiums will increase as a direct result of the State Legislature approving the Governor’s proposed increases in taxes, fees and assessments on your health benefits on February 4, as part of his Deficit Reduction Plan. This increase is in addition to any annual increase you may receive. And, additional proposed increases are possible. 

You can find more information here.