New York State
NEW YORK INSURANCE DEPARTMENT TO HOLD
PUBLIC HEARING ON PREFERRED CARE PROPOSED RATE INCREASE
New York, November 20, 1998
The New York State Insurance Department has scheduled a public hearing December 1st in Rochester to consider an application for a subscriber rate change by Rochester Area Health Maintenance Organization doing business as Preferred Care. The companys headquarters is located at 259 Monroe Avenue, Rochester, NY 14607.
The hearing will be held December 1, 1998 at 10:30 a.m. at the Cornell Cooperative Extension, Monroe County, 249 Highland Avenue, Rochester, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Group commercial pharmacy riders and Medicare pharmacy riders
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
Group commercial pharmacy riders 24.9%
Medicare pharmacy riders 13.4%
MEMBERSHIP AFFECTED: 158,000
PROPOSED EFFECTIVE DATE: January 1, 1999
Health Maintenance Organizations (HMOs) can not raise or reduce subscriber rates more than 10% without the prior approval of the Insurance Department.
A summary of facts supporting the companys application may be obtained from the companys office at 259 Monroe Avenue, Rochester, NY 14607 or from the Insurance Department. The complete subscriber rate increase application may be examined at the companys office or at the offices of the Insurance Department:
|New York City Office
25 Beaver Street, 2nd Floor
New York, NY 10004
(By Appointment Only)
Agency Building One
Empire State Plaza
Albany, NY 12257
(By Appointment Only)
Those wishing to speak at the hearing should notify Karen Eldred at 212-480-5262 at the Insurance Departments 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 & Research Bureau at the Insurance Departments 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 seven days before the hearing.
COUNTIES AFFECTED: Monroe, Wayne, Livingston, Yates, Ontario, Seneca, Genesee, Orleans and Wyoming.