Blue Cross of Northeastern Pennsylvania; Non-Group Medigap Hospitalization Program (65 Special); Rate Filing
[35 Pa.B. 2364]
Blue Cross of Northeastern Pennsylvania submitted Filing No. 950-BCSEC65-10/1/05 for approval of revised rates for its non-group Medigap 65 Special hospitalization program. The requested effective date of the revised rates is October 1, 2005. The most recent prior rate adjustment for this program took effect on January 1, 2003. The current and requested rates for new entrants 65-69 years of age and the requested rate adjustments are as follows:
Current Rate Proposed Rate Rate Adjustment Security 65 Package A $35.62 $34.12 -4.21% Security 65 Package B $56.54 $56.69 0.26% Security 65 Package C $69.89 $71.48 2.28% Security 65 Package H with Rx $114.95 $128.31 11.62%
The composite impact of these proposed rate adjustments is approximately 4%. These changes would impact approximately 43,790 subscribers and would produce approximately $1.9 million in additional premium through December 31, 2006.
Effective January 1, 2006, Package H participants will have the option of eliminating the Rx benefit from their coverage. Those choosing to do so would receive the following reduction in rates (new entry rate for 65-69 years of age shown):
Proposed Package H
Rate With Rx Benefit
Effective October 1, 2005
Proposed Package H
Rate Without Rx Benefit
Effective January 1, 2006
Rate Adjustment Due to
Elimination of Rx Benefit
Security 65 Package H without Rx $128.31 $70.93 -44.72%
Unless formal administrative action is taken prior to June 30, 2005, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Insurance Department's (Department) website at www.ins.state.pa.us. Under the Quick Links section, click on the link ''Rate Filings Published in the PA Bulletin.''
Copies of the filing are also available for public inspection, by appointment, during normal working hours at the Department's regional offices in Harrisburg, Philadelphia and Pittsburgh.
Interested parties are invited to submit written comments, suggestions or objections to Michael Gurgiolo, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, email@example.com within 30 days after publication of this notice in the Pennsylvania Bulletin.
M. DIANE KOKEN,
[Pa.B. Doc. No. 05-741. Filed for public inspection April 15, 2005, 9:00 a.m.]
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