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NEW YORKCoPower Summary of Benefits and Rate Guide For plans effective January 1, 2023 25Product Overview68Plan Benefits9 10 11Program Guidelines SIC Codes Rates1213Benefits/Voluntary Benefits1415Limitations16Enrollment
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Gather all the necessary information regarding the premium rate of the product or service.
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Clearly understand the factors that contribute to the determination of the premium rate.
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Document the rationale behind the chosen premium rate for transparency and record-keeping purposes.

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Decision on premium rate is the determination of the rate of premium to be charged for insurance coverage.
Insurance companies or providers are required to file decision on premium rate.
Decision on premium rate should be filled out by specifying the factors considered in determining the premium rate.
The purpose of decision on premium rate is to ensure transparency and fairness in the pricing of insurance coverage.
Information that must be reported on decision on premium rate includes factors considered, methodology used, and the final premium rate.
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