New York State
FOR IMMEDIATE RELEASE
NEW YORK STATE INSURANCE DEPARTMENT TO HOLD PUBLIC
ON PREFERRED CARE PROPOSED RATE INCREASE
The New York State Insurance Department will hold a public hearing October 19th to consider an application for subscriber rate change by Preferred Care (HMO).
The hearing will be held October 19th at 11:00 a.m. at the IMC Conference Center, Hutchinson House, 930 East Avenue, Rochester, NY.
COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Individual and Group Commercial Contacts, Group Commercial Pharmacy and other Riders.
|WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:|
|Group Commercial Contracts:
Group Commercial Pharmacy & Other Riders:
Total Weighted Average
MEMBERSHIP AFFECTED: 125,000 members will be affected.
COUNTIES AFFECTED: Monroe, Wayne, Ontario, Livingston, Yates, Seneca, Genesee, Orleans, and Wyoming.
The proposed effective date is November 1, 1999.
By law, Health Maintenance Organizations (HMOs) and Health Service Corporations cannot 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 259 Monroe Avenue, Rochester, NY 14607 (1-800-950-3224) or from the Insurance Department. The complete subscriber rate increase application may be examined at the Plans offices or at the offices of the Insurance Department:
|New York City Office
25 Beaver Street
New York, New York 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 Ellen Wenz at (212) 480-5262 at the Departments New York City Office.
Those unable to attend the hearing may submit written statements for inclusion in the official record within 10 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.