New York State
Insurance Department
NEW YORK INSURANCE DEPARTMENT TO HOLD PUBLIC HEARING ON KAISER FOUNDATION HEALTH PLAN’S PROPOSED RATE INCREASE
New York, January 8, 1999
The New York State Insurance Department has scheduled a public hearing January 14th to consider an application for subscriber rate change by Kaiser Foundation Health Plan of New York. The company’s headquarters is located at 1 CHP Plaza, Latham, NY.
The hearing will be held on January 14th at 10:30 a.m. at the White Plains Public Library, 100 Martine Avenue, White Plains, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
HMO and point-of-service contracts for groups and direct pay members, and prescription
drug benefits for Medicare enrollees.
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED: 33%
MEMBERSHIP AFFECTED: 10,200
COUNTIES AFFECTED: Westchester
The Superintendent will determine the effective date of the proposed rate increase.
By law 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 company’s application may be obtained from the company’s office at 1 CHP Plaza, Latham, NY 12210 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.