News

FIlco October 2018 Newsletter

October 18th, 2018

In This Issue:

  • Helpful 4th Quarter Carrier Sales Tools
  • Stay up to date with FILCO Blog and Calendar
  • A Message from our PEO Manager
  • Senior Care Update – Open Enrollment
  • NAHU Update

FIlco September 2018 Newsletter

October 1st, 2018

In This Issue:

  • FILCO EXCLUSIVE BROKER EVENT Wednesday, October 3rd
  • Stay up to date with FILCO Blog and Calendar
  • A Message from our PEO Manager
  • Senior Care Update – Medicare in the News
  • NAHU Update
  • Exciting Promotion

FILCO Broker Exclusive Event!

September 13th, 2018
FILCO Broker Exclusive Event!

Join us for this EXCLUSIVE event on Wednesday October 3 rd that features creative cost saving solutions for your clients (and potential clients) that are unique in today’s marketplace!

From the Desk of FILCO Senior Care Specialist Michael Friedman

August 29th, 2018
From the Desk of FILCO Senior Care Specialist Michael Friedman

There are some subtle changes that could affect Medicare Part B enrollees. Be in the know for these changes going into effect beginning January 1st, 2019.

Although end of summer is upon us, Medicare enrollment is just around the corner and there are new changes that are going to affect the Senior insurance market.

FIlco August 2018 Newsletter

August 28th, 2018

In This Issue:

  • FILCO EXCLUSIVE EVENT
  • Stay up to date at FILCO Blog and Calendar
  • A Message from our PEO Manager
  • Senior Care Update – First Reliance
  • “When you stay on purpose and refuse to be discouraged by fear, you align with the infinite self, in which all possibilities exist.”

DFS TAKES ACTION TO ENSURE A CONTINUED HEALTHY AND COMPETITIVE 2019 NEW YORK HEALTH INSURANCE MARKET DESPITE CONTINUED WRONGFUL FEDERAL ATTACKS ON THE AFFORDABLE CARE ACT

August 6th, 2018

 

https://www.dfs.ny.gov/about/press/pr1808031.html

DFS TAKES ACTION TO ENSURE A CONTINUED HEALTHY AND COMPETITIVE 2019 NEW YORK HEALTH INSURANCE MARKET DESPITE CONTINUED WRONGFUL FEDERAL ATTACKS ON THE AFFORDABLE CARE ACT
New York Rates for Individuals More Than 55% Lower Than Before Implementation of the Affordable Care Act, After Adjusting for Inflation and Before Federal Tax Credits

Press Release

August 3, 2018

Contact: Richard Loconte,

Rates for Almost 1.4 Million New Yorkers in Individual and Small Group Markets Will Increase by Only 4.8% in 2019

Overall Requested Rate Increases for Individual Coverage Reduced by 64%, Saving Consumers $314 Million

Overall Requested Rate Increase for Small Group Coverage Reduced by 50%, Saving Small Businesses $279 Million

14 Insurers in Individual and 19 Insurers in Small Group Market Are Providing Choice to New Yorkers in Every County Across the State

In the face of a sustained attack by the federal government on the Affordable Care Act (ACA), Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has reduced health insurers’ 2019 requested rates for New York’s individual market by 64% overall for individuals, saving consumers $314 million.

Summer FILCO Industry News

In This Issue:

  • Carrier Highlights
  • Stay up to date with FILCO Blog and Calendar
  • A Message from our PEO Manager
  • Senior Care Update
  • Specialty Update

A Note from FILCO Team member Ilana Arbeit:

A Note from FILCO Team member Ilana Arbeit:

As the Federal Government announced plans to do away with the health insurer risk adjustment program, Governor Cuomo said that New York State would consider setting up its own program. The program was originally designed to transfer risk from plans that insure sicker members to those with healthier ones as a means of stabilizing the health insurance market and pricing.

Oscar Announcement

Oscar Announcement

Just announced this month Oscar has plans to expand to 14 markets across nine states in 2019, pending regulatory approval.

State blew $1.3 billion on Medicaid coverage for people already enrolled in other plans, audit finds

State blew $1.3 billion on Medicaid coverage for people already enrolled in other plans, audit finds

Thought of the Day:

NY State’s lack of oversight in Medicaid enrollment resulted in $1.3 Billion wasted over the last 6 years. This audit comes at the same time the NY State Assembly passes a Single payer bill. NY State cannot effectively run the Medicaid program and yet we should believe they can run and watch over a program that covers all NY residents?

The bulk of those wasted funds cannot be recovered, state comptroller says

By Caroline Lewis

Thanks to a lack of oversight, the state Health Department doled out $1.3 billion in six years in Medicaid premiums for people who were already enrolled in other comprehensive health plans, according to a new report from state Comptroller Thomas DiNapoli.