That’s right – its health insurance rate review time! This means that our health insurance plans are now diligently submitting their proposed rate increases to the Department of Financial Services (DFS) for approval. Some of you may have already received a letter from your health plan letting you know that they plan to “adjust” your premium rate. Health plans are required to give you 120 days notice of any proposed rate increases (and 60 days notice before the approved increase goes into effect).