INSURANCE DEPARTMENT Aetna Health, Inc.; Small Group Base Rate Filing [42 Pa.B. 7153]
[Saturday, November 17, 2012]On October 15, 2012, Aetna Health, Inc. submitted a filing for the Commercial HMO Rates for all groups with fewer than 51 average subscribers. The filing requested rate increases of 6.1% for 1st quarter 2013, 3.4% for 2nd quarter 2013, 4.4% for 3rd quarter 2013 and 4.4% for 4th quarter 2013. The filing will affect approximately 15,000 employers, 141,000 members and generate additional revenue of approximately $114 million annually. An effective date of January 1, 2013, is requested.
Groups that renew in the 1st quarter 2013 will see an average annual rate increase of 11.1%, with a minimum increase of -9.4% and a maximum increase of 22.6%. Groups that renew in the 2nd quarter 2013 will see an average annual rate increase of 17%, with a minimum of -6.3% and a maximum of 26%. Groups that renew in the 3rd quarter 2013 will see an average annual rate increase of 20.5%, with a minimum of 10.1% and a maximum of 22.8%. Groups that renew in the 4th quarter 2013 will see an average annual rate increase of 19.2%, with a minimum of 10.8% and a maximum of 22.2%. Note that these increases may vary depending on the specific characteristics of a group.
Unless formal administrative action is taken prior to January 31, 2013, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Insurance Department's (Department) web site at www.insurance. pa.gov. Under the tab ''How to Find . . .'' click on the link ''PA Bulletin.''
A copy of the filing is also available for public inspection by appointment during normal working hours at the Department's regional office in Harrisburg.
Interested parties are invited to submit written or e-mail comments, suggestions or objections to James Sabater, Insurance Department, 1311 Strawberry Square, Harrisburg, PA 17120, jsabater@pa.gov within 30 days after publication of this notice in the Pennsylvania Bulletin.
MICHAEL F. CONSEDINE,
Insurance Commissioner[Pa.B. Doc. No. 12-2239. Filed for public inspection November 16, 2012, 9:00 a.m.]
