New York rate filings: Initial notices mailing in June
In compliance with the New York Prior Approval law, UnitedHealthcare is mailing notices this month about its rate filings (requested rates) to impacted New York small business certificate and policy holders with renewal dates in 2023.
Notices will be sent to the following policy and certificate holders:
- Oxford Health Insurance, Inc. On- and Off-Marketplace small groups
- Oxford Health Insurance, Inc. On- and Off-Marketplace small group subscribers
- UnitedHealthcare Insurance Company of New York, Inc. Off-Marketplace small groups
- UnitedHealthcare Insurance Company of New York, Inc. Off-Marketplace small group subscribers
- UnitedHealthcare Insurance Company of New York, Inc. Off-Marketplace conversion plan subscribers
- UnitedHealthcare of New York, Inc. On- and Off-Marketplace individual plan subscribers
The initial notice informs customers and subscribers (certificate and policy holders) of a community-rated product (e.g. individual subscribers, small groups, small group subscribers) about a health insurance company’s application with the New York State Department of Financial Services for a rate adjustment. Impacted groups and subscribers will be sent a second notice with the approved rate adjustment 60 days prior to their 2023 renewal dates.
Please familiarize yourself with these notices should your customers have questions.
More information
More information is available in the form of a narrative summary and a numerical summary.
Impacted groups can view the summaries at:
- Oxford small groups: com > Tools & Resources > Federal & State Notices > Oxford – New York
- UnitedHealthcare small groups: com > Legal > Required State Notices > New York
Subscribers can view the summaries on their member website:
- com > Legal > Required State Notices > New York
More information also can be found on the New York Department of Financial Services’ website.