New York State
NEW YORK INSURANCE DEPARTMENT TO HOLD
PUBLIC HEARING ON VYTRA HEALTHCARE PROPOSED RATE INCREASE
New York, November 27, 1998
The New York State Insurance Department has scheduled a public hearing December 9th in Lake Success to consider an application for a subscriber rate change by Vytra Healthcare Long Island, Inc. The companys headquarters is located at 395 North Service Road, Melville, NY 11747.
The hearing will be held on December 9th at 2:00 p.m. at the Medical Society of the State of NY, 420 Lakeville Road, Lake Success, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Small Group Contracts and Riders
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
2 - 50 member group subscribers +19.5%
Sole Proprietor Subscribers +31.2%
MEMBERSHIP AFFECTED: 36,600
PROPOSED EFFECTIVE DATE: January 1, 1999
Health Maintenance Organizations (HMOs) can not raise or lower 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 395 North Service Road, Melville, NY 11747 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: Queens, Nassau and Suffolk.