You and your employees may be receiving mailings from health insurance carriers indicating their proposed rate filings for 2017 (adding confusion if you’ve yet to renew your plan in 2016). In some instances, there are long grids with proposed rate increases from the single digits to nearly 20% (unfortunately, that’s not a typo).
To be clear: this mailing is a requirement of the Affordable Care Act. The rates have now been filed, but must be approved by each state. Last year we saw similar rate increase requests, only to be tempered by each state to lower approved amounts.
Additional resources at these links (click the carrier name):
- New York State’s Department of Financial Services website
- Aetna: We have yet to receive notice from Aetna, but this link will be updated once they have released their filings.
- Care Connect (North Shore LIJ) (average 15% rate increase)
- Emblem (HIP & GHI) (approximately a 5% rate increase)
- Empire (Blue Cross) (approximately a 6% rate increase)
- Oxford/United (average 12% rate increase)