Small Group Retiring Package Update
New information regarding group and member notices.
In June we announced that notices for retiring valUcare packages would be mailed 90 days in advance of your 2017 renewal date
We have recently been instructed by the NY State Department of Finance that all of our retired plans now fall under the category of Uniform Modification. This distinction is important because Uniform Modification requires a different notice than the 90 day notice.
Groups and members in Uniformly Modified plans will receive an Annual Rate Notice (ARN) 60 days prior to their renewal date.
The ARN will include a replacement plan that groups and members will be automatically transitioned into on the group’s renewal date. If you would like to elect a different package, you should work with your broker or dedicated Account Manager. A copy of the ARN will be available on Information Connection at that time.
Small Group On-Exchange Update - Groups/Members enrolled in a retired plan through the NY State of Health Marketplace (on-Exchange) will no longer have to choose a new product for 2017. The State will automatically transition the group into the replacement plan stated on the Annual Rate Notice.
After 60 days, enrollment may not be allowed until the next Open Enrollment Period.