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Mass Division of Insurance Rate Cap
The health insurance new business and renewal rates for January 1, 2011 effective date have been filed by the carriers to the Massachusetts Division of Insurance. Rulings are due out by November 15, 2010. If you plan renews on Jan, Feb or March 1, 2011, the ruling will affect the renewal rates. All new business rates for Jan-Mar 2011 are also awaiting a final ruling.
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HIRD/Fair Share Filing
Businesses in Massachusetts are required to file a HIRD/Fair Share report to the Commonwealth as part of the Massachusetts Health Care Reform law of 2006. There are four filing timeframes. Failure to file can result in fines by the Commonwealth. The deadline for the fourth quarter is November 15, 2011.
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