The Patrick-Murray Administration's Division of Insurance Disapproves 235 of the 274 Rate Increases Filed by Insurers for Small Businesses
The Massachusetts Division of Insurance has disapproved most of the 2nd quarter health insurance rates filed by the Massachusetts health insurance carriers.
Click here to view the press release from the Division of Insurance.
We are fielding calls from many of you regarding the impact to your rates for April, May and June renewals. We are also just beginning to hear from the carriers about how they intend to handle this news.
We anticipate that once the market rates are established, some of our clients may wish to change coverage from their renewal decisions. In the coming days and weeks, we will work closely with each one of you to re-evaluate your decisions and help you to implement the carrier and products that produce the best value for you and your employees.
As each carrier may have different policies and procedures, we will sort out the details to address any potential off-anniversary changes.
We will provide you with any relevant information as soon as it becomes available. In the meantime, please feel free to call me to discuss your concerns and I will do my best to answer your particular questions.
If you have any specific questions about implementation, please contact us as soon as possible to discuss these significant health care reform changes.