New York State
Insurance Department


ISSUED: 11/22/99

FOR IMMEDIATE RELEASE



DEPARTMENT TO HOLD PUBLIC HEARING
ON CAPITAL DISTRICT PHYSICIANS’ HEALTH PLAN’S
PROPOSED RATE INCREASES

          The New York State Insurance Department has scheduled a public hearing on December 3rd in Albany to consider an application for subscriber rate changes by Capital District Physicians’ Health Plan.

           The hearing will be held on December 3rd at 11:00 AM at the Plan’s office at 17 Columbia Circle, Albany, NY.

COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
         a)   NYS Standardized Individual Contracts
         b)   Prescription Drugs
         c)   Medicare Carve-Out Riders with Prescription Drugs

WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
         a)  37.9%
         b)  58.6%
         c)  35%

MEMBERSHIP AFFECTED: 174,000

PROPOSED EFFECTIVE DATE: January 1, 2000

          Health Maintenance Organizations (HMOs) are not permitted to change subscribed rates more than 10% without the prior approval of the Insurance Department.

          As an aid to the public, the Plan is making available to the public a summary of facts supporting its application. A copy may be obtained from the Plan’s office or from the Insurance Department.

          A copy of the complete subscriber rate increase application may be examined at the Plan’s office at 17 Columbus Circle, Albany, NY 12203, or at the offices of the Insurance Department:


New York City Office
Health Bureau
25 Beaver Street, 2nd Floor
New York, NY 10004-2319
(By Appointment Only)
(212) 480-5242
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 Deborah Greer at (518) 474-4567 at the Insurance Department’s Albany Office. In accordance with the Americans with Disabilities Act, the Insurance 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 7 days before the hearing.

          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 Office at the Insurance Department’s New York City Office.

COUNTIES AFFECTED: Albany, Columbia, Fulton, Green, Montgomery, Rensselaer, Saratoga, Schenectady, Scholarie, Warren and Washington. 


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