Six health insurance companies have agreed to end the secrecy over their requests for rate increases, according to Benjamin M. Lawsky, superintendent of New York’s new Department of Financial Services.
A New York City-based non-profit insurance exchange, one of the few in the nation, is celebrating its 10th anniversary, saying it now provides health insurance to more than 3,500 small businesses and nonprofit organizations in metropolitan New York.
Three subsidiaries of EmblemHealth of New York, N.Y., had their ratings downgraded by A.M. Best because of insufficient reimbursement levels for state-sponsored plans, meaning problems for its medical loss ratio.
As an insurance agent for the past 15 years, I have never been more satisfied with my job of helping our seniors maneuver through the enrollment process of Medicare.