2016 Rate Change Notification
2016 Rate Change Notification
CareConnect has submitted a request to the New York State Department of Financial Services (DFS) for a change in premium rates. If DFS approves the request:
- New rates for individual policyholders will take effect on January 1, 2016
- New rates for group policyholders and group members will take effect as of the policy’s renewal date
See links below for more information about the proposed new rates by benefit plan or more detail about your rate change.
Once our final rates have been approved by DFS, members will be notified in writing approximately 60 days before their new rates take effect.
Proposed 2016 Premium Rate Changes for CareConnect
Individual Rate Changes for Region 4* (NY) and Region 8** (LI)
We have requested approval from the New York State Department of Financial Services (DFS) for our 2016 premium rates. If DFS approves these premiums, they will apply to all individuals who renew or enroll in a CareConnect plan during 2016.
Rate changes occur for a variety of reasons, including, but not limited to, projected changes in medical utilization, the anticipated impact of medical management programs, and factors relating to where you reside. Your rate change may also reflect the composition of your family and the specific benefit plan you chose.
Individual Rate Changes for Region 4* (NY) and Region 8** (LI)
Group Rate Changes for Region 4* (NY) and Region 8** (LI)
We have requested approval from the New York State Department of Financial Services (DFS) for our 2016 premium rates. If DFS approves these premiums, they will apply to all groups that renew or enroll in a CareConnect benefit plan during 2016.
Rate changes occur for a variety of reasons, including, but not limited to, projected changes in medical utilization, the anticipated impact of medical management programs, and factors relating to a group’s location. Your group’s rate change may also reflect the composition of your group and the specific benefit plan your group chose.
* Region 4 consists of Queens, Richmond, Kings, New York, Bronx and Westchester Counties.
** Region 8 is comprised of Nassau and Suffolk Counties.