Excellus BCBS Medicare Broker News - Vol. 18 No. 6 - Special Issue

Individual & Small  Group – NYS Prior Approval Of Rate Changes        

On May 10, 2023, an application was submitted requesting 2024 premium rate changes in accordance with New York state prior approval law. This rate application applies to  Community Rated Individual and Small Group products.
 
 The following products are included in this 2024 rate filing:

• Direct Pay Metal Plans and Base (catastrophic)
• Bassett Preferred
• CNY Preferred
• Healthy NY EPO
• SimplyBlue Plus
• Excellus BCBS HMO
• Blue Simplicity

Employer Group Communication

Initial notification letters will be mailed to community-rated employer  groups and direct pay members enrolled in the products listed above. The  letter will include our requested rate percentage changes.

‍
 
Broker Communication

Beginning on May 26, (or shortly after that date) you will receive an  encrypted e-mail notification with copies of the initial notification letters  being sent to your groups. The encrypted emails* will expire if not read  within the specified timeframe as indicated in your email notification.
 
 Your groups will receive an annual rate notification with the actual,  approved rates 60 days prior to their renewal date. The annual rate notices  will be available to Brokers on Information Connection.
 
 It’s important that the groups receive the notification and distribute the  individual letters to their employees with any additional information  explaining the rate changes which may be different from the rates in the  initial notification letters (e.g., shared expense).
 
 Please contact your account representative if you have any questions.
 
 *Encrypted files expire after a specified time from the send date. You  will not be able to access the information in the file if the email isn't  opened and read within that time. You will also be prompted to create a  password associated with your email address to access the encrypted file.  

‍