Between 2007 and 2013, HealthNow NY didn’t offer coverage to small groups with less than five prospective enrollees, according to the Department of Financial Services. This action violates New York’s rules on small group policy renewals.
HealthNow has paid the fee and premium increases will not be enforced.
Three years ago, DFS charged HealthNow NY $700,000 because it didn’t explain coverage and benefit rights to its enrollees.
The insurer is also the parent company of Latham-based BlueShield of Northeastern New York. In total, it has over 800,000 members. In 2014, HealthNow NY reported operating losses of $69.4 million.
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