New York State
Insurance Department
INTEGRATED BENEFITS RATE HEARING
New York, March 6, 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: | Integrated Benefits Corporation (Point of Service Contract Provider for Independent Health Assoc.) |
| ADDRESS: | 511 Farber Lakes Drive Buffalo, NY 14221 |
TYPE OF ORGANIZATION: Health Service Corporation
LICENSURE: Article 43 Insurance Law
| PLACE OF HEARING: | New York State Insurance Department 25 Beaver Street 5th Floor Hearing Room New York, NY 10004 |
DATE: March 20, 1998
TIME: 10:00 a.m.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Point of Service Contracts and Riders.
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
25% (Metro Region)
6% (Hudson Valley Region)
PROPOSED EFFECTIVE DATE: April 1, 1998
LAST RATE CHANGE: July 1, 1997
An Article 43 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 511 Farber Lakes Drive, Buffalo, NY 144221 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) 212-480-5218 |
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 Public Affairs and Research Bureau at 212-480-5262 at the Insurance Department’s New York City Office.
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 Public Affairs and Research Office at the Insurance Department’s New York City Office. 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.
A table listing the requested rate change is available upon request.
| COUNTIES SERVICED: | Dutchess, Orange, Putnam, Rockland, Ulster, Westchester, Bronx, Kings, Nassau, Manhattan, Queens, Richmond, and Suffolk |
MEMBERSHIP AFFECTED: 17,500