New York State
Insurance Department
NEW YORK INSURANCE DEPARTMENT TO HOLD TWO
PUBLIC HEARINGS ON PHYSICIAN HEALTH SERVICES OF NY
PROPOSED RATE INCREASES
New York, January 21, 1999
The New York State Insurance Department has scheduled two public hearings, one on February 4th in Manhattan and one on February 5th in White Plains, NY to consider an application for a subscriber rate change by Physicians Health Services. The company’s headquarters is located at One Far Mill Crossing, Sheldon, CT 06484.
The Manhattan hearing will take place on February 4, 1999 at 11:00 a.m. at the New York State Insurance Department, 5th Floor Hearing Room, 25 Beaver Street, New York, NY. The White Plains hearing will take place on February 5, 1999 at 10:30 a.m. at the White Plains Public Library, 100 Martine Avenue, White Plains, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Small and large groups
WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
60% Large Groups
50% Small Groups
MEMBERSHIP AFFECTED: 150,000
PROPOSED EFFECTIVE DATE: March 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 One Far Mill Crossing, Sheldon, CT 06484 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 in the Insurance Department’s New York City Office at 212-480-5262.
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: Westchester, Putnam, Orange, Rockland, Dutchess, Manhattan, Bronx, Brooklyn, Queens, Richmond, Suffolk and Nassau.