1994 Continental General Insurance Company; application for approval of revised rates for standardized Medicare supplement policy forms 340--342, 347, 3AA--3AK; rate filing

Continental General Insurance Company; Application for Approval of Revised Rates for Standardized Medicare Supplement Policy Forms 340--342, 347 and 3AA--3AK; Rate Filing

[35 Pa.B. 6058]

   Continental General Insurance Company has filed for approval increased rates for its issue-age and attained-age rated standardized Medicare supplement policy forms. The filing requests rate increases that vary by standardized benefit package and range from 0% to 25%.

   These rate adjustments will affect approximately 8,157 insureds in this Commonwealth and will generate approximately $3.5 million in additional premium annually. The company requests that the revised rates take effect on January 1, 2006. The requested rate adjustment percentages and age 65 female open enrollment rates by plan are as follows:

Policy Form	Rating Method	Standardized Plan	Proposed Adjustment	Current Rate	Proposed Rate
340	Issue-age	Plan A	12.0%	$2,460	$2,755
341	Issue-age	Plan B	24.0%	$2,401	$2,978
342	Issue-age	Plan C	13.0%	$3,270	$3,695
347	Issue-age	Plan H	4.0%	$5,222	$5,430
3AA	Attained-age	Plan A	12.0%	$1,432	$1,603
3AB	Attained-age	Plan B	24.0%	$1,467	$1,819
3AC	Attained-age	Plan C	13.0%	$2,056	$2,324
3AD	Attained-age	Plan D	25.0%	$1,375	$1,718
3AE	Attained-age	Plan E	9.5%	$1,285	$1,407
3AF	Attained-age	Plan F	13.0%	$1,687	$1,907
3AG	Attained-age	Plan G	25.0%	$1,377	$1,722
3AK	Attained-age	Plan Fhd	0.0%	$   491	$   491

   These rates are applicable to most areas in this Commonwealth; insureds with attained-age plans residing in zip codes beginning with 150, 151, 152, 153, 154, 189, 190, 191, 192, 193 or 194 should add 10% to the rates shown previously.

   Also included in the filing are reduced rates for insureds who choose to drop their policy's prescription drug benefit. Plan 347 includes a prescription drug benefit that the insured may eliminate from their coverage effective January 1, 2006, in exchange for a reduced premium rate. The proposed 2006 rates for this plan with the prescription drug benefit ($3,644 for an age 65 female open enrollee), when compared with the proposed 2006 rates with the prescription drug benefit, reflect a 32.9% rate reduction associated with the removal of the prescription drug benefit.

   Unless formal administrative action is taken prior to January 10, 2006, 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, mgurgiolostate.pa.us, within 30 days after publication of this notice in the Pennsylvania Bulletin.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 05-1994. Filed for public inspection October 28, 2005, 9:00 a.m.]