New York State
Insurance Department


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 company’s 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 company’s application may be obtained from the company’s office at 259 Monroe Avenue, Rochester, NY 14607 or from the Insurance Department. The complete subscriber rate increase application may be examined at the company’s 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 Karen Eldred 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 & 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 seven days before the hearing.

COUNTIES AFFECTED: Monroe, Wayne, Livingston, Yates, Ontario, Seneca, Genesee, Orleans and Wyoming.


News HOME