New York State
Insurance Department
NEW YORK STATE INSURANCE DEPARTMENT TO HOLD THREE
PUBLIC HEARINGS ON MVP HEALTH PLAN’S PROPOSED RATE INCREASES
New York, November 5, 1998
The New York State Insurance Department has scheduled public hearings November 19th and November 20th in Newburgh, Poughkeepsie and Schenectady to consider an application for subscriber rate changes by MVP Health Plan and MVP Health Service Corporation. MVP’s headquarters are located at 111 Liberty Street in Schenectady.
The hearings will be held on the following dates and times:
| Nov. 19 in Newburgh NYS Dept. of Labor 116 Lake Street Newburgh, NY Time: 2:00 PM |
Nov. 19 in Poughkeepsie Mid-Hudson Library Auditorium 105 Market Street Poughkeepsie, NY Time: 10:00 AM |
Nov. 20 in Schenectady Schenectady Public Library McChesney Room Liberty Street Schenectady, NY Time: 1:00 PM |
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
Central Region:
MVP Health Plan Commercial Article 44 HMO: 7.8%
MVP Health Plan CompCare (Standard individual product) 35.5%
MVP Health Service Corp. Article 43 Comprehensive Medical 16.8%
East Region:
MVP Health Plan Commercial Article 44 HMO: 7.1%
MVP Health Plan CompCare (Standard individual product) 37.1%
MVP Health Service Corp. Article 43 Comprehensive Medical 16.8%
Mid-Hudson Region:
MVP Health Plan Commercial Article 44 HMO 8.1%
MVP Health Plan CompCare (Standard individual product) 30.1%
MVP Health Service Corp. Article 43 Comprehensive Medical 16.8%
Orange/Putnam Region:
MVP Health Plan Commercial Article 44 HMO 15.1%
MVP Health Plan CompCare (Standard individual product) 44.5%
MVP Health Service Corp. Article 43 Comprehensive Medical 16.8%
The companies’ proposal involves removing Orange and Putnam counties from the Central rating region to create their own region.
MEMBERSHIP AFFECTED: 227,200
PROPOSED EFFECTIVE DATE: January 1, 1999
Health Maintenance Organizations (HMOs) and health service corporations can not change subscriber rates more than +10% without the prior approval of the Insurance Department.
A summary of facts supporting the companies’ application may be obtained from the companies’ office at 111 Liberty Street, Schenectady, NY 12257 or from the Insurance Department. The complete subscriber rate increase application may be examined at the companies’ office or at the offices of the Insurance Department:
| New York City Office Health Bureau 25 Beaver Street, 2nd 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 Deborah Greer at (518) 474-4567 at the Insurance Department’s Albany 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 & Research Bureau at the Insurance Department’s New York City Office. In accordance with the Americans with Disabilities Act, the 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.
COUNTIES SERVICED: Central Region: Broome, Chenango, Delaware, Herkimer, Lewis,
Madison, Oneida, Onondaga, Orange,Otsego, Tioga, Ulster and Putnam
East Region: Albany, Columbia, Fulton, Greene, Hamilton, Montgomery, Rensselaer,
Saratoga, Schenectady, Schoharie, Warren and Washington
Mid-Hudson Region: Dutchess