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On April 1, the Massachusetts Division of Insurance (DOI) imposed a fixed rate cap on health insurance premium increases. The DOI rejected 235 of the 274 rate filings for small business coverage filed by Massachusetts insurance carriers. Last week it became impossible for brokers to obtain DOI approved rates for their clients.
We will continue to work closely with BCBS, Tufts Health Plan, Health New England, Fallon Community Health Plan and Harvard Pilgrim.
We will provide more specific information to you as it becomes available.
Should you have any questions or would like to discuss your health renewal in more detail, please contact: |