New York State
Insurance Department
NEW YORK INSURANCE DEPARTMENT TO HOLD PUBLIC HEARING ON UNITED HEALTHCARE OF NEW YORK PROPOSED RATE INCREASE
New York, November 19, 1998
The New York State Insurance Department has scheduled a public hearing on December 4th , in New York City, to consider an application for subscriber rate change by United HealthCare of New York. The company’s headquarters is located at 2 Penn Plaza, Suite 700, New York, NY.
The hearing will take place on December 4, 1998 at 10:30 a.m. at the New York State Insurance Department, 25 Beaver Street, Hearing Room A, 5th Floor, New York, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Prescription Drug Riders and Individual Subscriber Contracts.
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED: 53.4%
MEMBERSHIP AFFECTED: 1,200
PROPOSED EFFECTIVE DATE: January 1, 1999
Health Maintenance Organization (HMOs) may not raise or reduce 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 2 Penn Plaza, Suite 700, New York, NY 10004, 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) 212-480-5242 |
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 Karen Eldred at (212) 480-5262 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 seven 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.
COUNTIES SERVICED: Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, Ulster and Westchester.