New York State
Insurance Department
MANAGED HEALTH RATE HEARING
New York, February 2, 1998
The New York State Insurance Department has called for a public hearing to consider an application for a subscriber rate change by the following health insurance provider:
PLAN: Managed Health, Inc. (HMO)
| ADDRESS: | 25 Broadway, 9th Floor New York, NY 10004 |
TYPE OF ORGANIZATION: Article 44 HMO
LICENSURE: Article 44 Public Health law
PLACE OF HEARING: Medical Society of the State of New York
420
Lakeville Road - Room 251
Lake
Success, NY
DATE: February 13, 1998 TIME: 10:00 a.m.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Group and Individual contracts and prescription drug riders.
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
| Large Group | -3.9% |
| Small Group | 50.8% |
| Individual | 55.2% |
| Individual Point of Service | 95.3% |
| Prescription Drug Rider | 2.7% |
| Overall Average | 67.0% |
PROPOSED EFFECTIVE DATE: March 1, 1998
LAST RATE CHANGE: July 1, 1995
An Article 44 Health Maintenance Organization may not change subscriber rates more than + 10% without the prior approval of the Insurance Department.
As an aid to the public, and at the suggestion of the Insurance Department, the Plan is making available to the public a summary of facts supporting its application. A copy may be obtained from the Plan’s office or from the Insurance Department.
A copy of the complete subscriber rate increase application may be examined at the Plan’s office at 25 Broadway, 9th Floor, New York, NY 10004, (212) 801-1405 or at the offices of the Insurance Department:
| New York City Office Health Bureau 25 Beaver Street 4th Floor New York, NY 10004 (By Appointment Only) 212-480-5215 |
Albany Office Agency Building One Empire State Plaza Albany, NY 12257 (By Appointment Only) 518-474-4567 |
Those wishing to speak at the hearing should notify the Insurance Department’s Public Affairs and Research Bureau at (212) 480-5262. In accordance with the Americans with Disabilities Act, the Insurance Department will provide a reasonable accommodation, such as a sign language interpreter, a qualified reader, etc., at no charge to any covered individual wishing to attend or testify at the hearing when such a request is made at least 7 days before the hearing.
Those unable to attend the hearing may submit written statements for inclusion in the official record within ten days of the hearing date to the Office of Public Affairs and Research at the Insurance Department’s New York City Office.
A table listing the requested rate change is available upon request.
COUNTIES SERVICED: Queens, Nassau, Suffolk.
MEMBERSHIP AFFECTED: 3,640