New York State
NEW YORK INSURANCE DEPARTMENT TO HOLD PUBLIC HEARING ON HEALTH SERVICES CORPORATION PROPOSED RATE INCREASE
New York, November 20, 1998
The New York State Insurance Department has scheduled a public hearing December 2nd, in Syracuse to consider an application for a subscriber rate change by Health Services Medical Corporation of Central New York. The companys headquarters is located at 8278 Willett Parkway, Baldwinsville, NY 13207.
The hearing will be held December 2, at 10:30 a.m. at the New York State Office Building, 333 East Washington Street, Syracuse, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Group Pharmacy Riders
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED: Increase of 48%
MEMBERSHIP AFFECTED: 75,000
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 8278 Willett Parkway, Baldwinsville, NY 13207 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: Broome, Chemung, Cortland, Herkimer, Madison, Oneida, Onondaga, Schuyler, Tioga, Tompkins, Cayuga, Oswego, Steuben, Jefferson, St. Lawrence and Seneca.