https://myportal.dfs.ny.gov/web/prior-approval/rate-applications-by-company
The Department Of Financial Services rate applications by company page.
Important to note that these were released this week and are not yet official, still pending (as of 6/19/13). All the known carriers are there.
These are OFF EXCHANGE ONLY. On exchange applications are supposed to be released around 7/15/13, at the same site. Please remember, what is sold ON will be sold OFF. Commission is BY PRODUCT, and these are NOT exchange products. As awesome or dismal as the commissions may be in these filings, they are not approved, guaranteed, or required to be the same for on-exchange products. Same goes for the product offerings and designs.
Quick rundown, EasyChoice came out of nowhere with a ton of product (only half a dozen plans today, more than quadrupled their portfolio for the exchanges). Confirmed commission at 3.5%. Emblemhealth cut down to 1 product, HMO, no commission. All current plans hard-stop 12/31/14. HIP also cut product, indicated 0% commission on POS, up to 3% on HMO product. GA override still exists ($10 flat fee in SG). GHI looks like 0% comm as well. Oxford/UHC, Empire/BCBS, MVP, Aetna, etc all look like they are following a similar path: focus on HMO and POS, all current products hard-stop, commissions are reduced (1.2-3.5% depending on carrier)
Each app is between 150 and 300 pages, and many are split into multiple apps (aka, Indiv vs. SG). There is more data here than I could ever sum up, so feel free to give it a read and share what you learn.
The Department Of Financial Services rate applications by company page.
Important to note that these were released this week and are not yet official, still pending (as of 6/19/13). All the known carriers are there.
These are OFF EXCHANGE ONLY. On exchange applications are supposed to be released around 7/15/13, at the same site. Please remember, what is sold ON will be sold OFF. Commission is BY PRODUCT, and these are NOT exchange products. As awesome or dismal as the commissions may be in these filings, they are not approved, guaranteed, or required to be the same for on-exchange products. Same goes for the product offerings and designs.
Quick rundown, EasyChoice came out of nowhere with a ton of product (only half a dozen plans today, more than quadrupled their portfolio for the exchanges). Confirmed commission at 3.5%. Emblemhealth cut down to 1 product, HMO, no commission. All current plans hard-stop 12/31/14. HIP also cut product, indicated 0% commission on POS, up to 3% on HMO product. GA override still exists ($10 flat fee in SG). GHI looks like 0% comm as well. Oxford/UHC, Empire/BCBS, MVP, Aetna, etc all look like they are following a similar path: focus on HMO and POS, all current products hard-stop, commissions are reduced (1.2-3.5% depending on carrier)
Each app is between 150 and 300 pages, and many are split into multiple apps (aka, Indiv vs. SG). There is more data here than I could ever sum up, so feel free to give it a read and share what you learn.
