April 17, 2017

NY Rate Filing Notice

New York regulations require insurers to provide written notice of proposed rate adjustments to each policyholder affected by the adjustment prior to submitting the rate increase filing to the Department of Insurance for review.

Policyholders in New York will be receiving an Initial Notice that Mutual of Omaha will be filing Medicare Supplement rate adjustments in the state of New York on all Standardized and Modernized business for Mutual of Omaha with a planned effective date of September 1, 2017.

Proposed rate adjustments by plan are:

Mutual of Omaha- 2010 Modernized Plans
New and In-force Business

State

Rate Adjustment

Plan A

Plan B

Plan C

Plan D

Plan F

Plan G

Plan M

Plan N*

NY

9%

9%

9%

9%

6%

9%

9%

9%

*In-force only

Mutual of Omaha- 1990 Standardized Plans
In-force Business Only

State

Rate Adjustment

Plan A

Plan B

Plan F

Plan G

Plan I

NY

9%

9%

6%

9%

0%

The Narrative Summary will be posted on the State of New York Insurance Department website.  Policyholders have 30 days to submit written comments or request more information on the proposed increases.

Initial Notice to the policyholders regarding this filing will be mailed soon.

If you have questions, please call Sales Support at 800-693-6083.

 

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