Skip to Content

MANAGED HEALTH RATE HEARING

New York, February 2, 1998

The New York State Insurance Department has called for a public hearing to consider an application for a subscriber rate change by the following health insurance provider:

 PLAN: Managed Health, Inc. (HMO)

ADDRESS: 25 Broadway, 9th Floor
New York, NY 10004

TYPE OF ORGANIZATION: Article 44 HMO

LICENSURE: Article 44 Public Health law

PLACE OF HEARING: Medical Society of the State of New York
420 Lakeville Road - Room 251
Lake Success, NY
DATE: February 13, 1998 TIME: 10:00 a.m.

COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Group and Individual contracts and prescription drug riders.

WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:

Large Group -3.9%
Small Group 50.8%
Individual 55.2%
Individual Point of Service 95.3%
Prescription Drug Rider   2.7%
Overall Average 67.0%

PROPOSED EFFECTIVE DATE: March 1, 1998

LAST RATE CHANGE: July 1, 1995

An Article 44 Health Maintenance Organization may not change subscriber rates more than + 10%  without the prior approval of the Insurance Department.

As an aid to the public, and at the suggestion of the Insurance Department, 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  25 Broadway, 9th Floor, New York, NY 10004, (212) 801-1405 or at the offices of the  Insurance Department:

New York City Office
Health Bureau
25 Beaver Street
4th 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 the Insurance Department’s Public Affairs and  Research Bureau at (212) 480-5262. 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 ten days of the hearing date to the Office of Public Affairs and Research at the Insurance  Department’s New York City Office.

A table listing the requested rate change is available upon request.

COUNTIES SERVICED: Queens, Nassau, Suffolk.

MEMBERSHIP AFFECTED: 3,640

 

Link to DFS Portal

About DFS

Contact DFS

Reports & Publications

Licensing

Laws and Regs

Connect With DFS

DFS Facebook page

Follow NYDFS on Twitter