Oscar New York 2020 Rate Change Notification

Email Sent: 6/10/19
Oscar has advised that they have submitted a rate change for 2020 New York Small Groups and will be informing members. Below is their official announcement. 

Oscar Update on NY Rate Change Letters to Members

As you know, New York Insurance Law requires that we provide a notice to employers and members when we submit requests for premium rate changes to the New York State Department of Financial Services (DFS). Since we, and every other carrier, have submitted a rate change for 2020, members will start to receive notification letters over the next week. Please note that our 2020 final rates may differ from proposed rates due to modifications by the DFS.

We wanted to give you a heads up as some of your clients may have questions about these letters. We’ve put together a useful FAQ in case your clients have specific questions for you.

See below for examples of the letters:

Thanks for your partnership and for being a valuable part of our growth.