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ISSUED: 11/5/99 FOR IMMEDIATE RELEASE

NEW YORK INSURANCE DEPARTMENT TO HOLD PUBLIC HEARING ON HUM HEALTHCARE’S PROPOSED RATE INCREASE

The New York State Insurance Department has scheduled a public hearing November 18th in Albany to consider an application for subscriber rate change by HUM Healthcare Systems, Inc.

November 18 in Albany
The Marriott
189 Wolf Road
Albany, NY
TIME: 11:00 AM

COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED: HMO Contract and Drug Riders

WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED: 25.2%

MEMBERSHIP AFFECTED: 23,800

PROPOSED EFFECTIVE DATE: January 1, 2000

Health Maintenance Organizations (HMOs) are not permitted to change 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 Plan’s headquarters at 333 Glen Street, Glens Falls, NY 12801 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) 480-5242
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 Ellen Wenz 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 10 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: Clinton, Essex, Franklin, St. Lawrence, Hamilton, Saratoga, Warren, Washington, Albany, Rensselaer, Schenectady, Columbia, Dutchess, Greene and Ulster.

 

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