2067 Inter-County Hospitalization Plan, Inc.; application for approval of revised rates for its 65-Select (Hospital) Plans; rate filing  

  • Inter-County Hospitalization Plan, Inc.; Application for Approval of Revised Rates for Its 65-Select (Hospital) Plans; Rate Filing

    [35 Pa.B. 6201]

       An error occurred in a notice that appeared at 35 Pa.B. 5436 (October 1, 2005). The requested rate adjustment percentages were correct but the company applied these percentages to the 2004 rates rather than the approved 2005 rates, resulting in requested rates that did not reflect the company's intended 2006 rate level. The corrected information is as follows:

       Inter-County Hospitalization Plan, Inc. has filed filing no. MG Hospital 0905 for approval of increased rates for its community-rated 65-Select program. The revised rates are to be effective on January 1, 2006, and reflect an average increase of 21.3% over the currently approved rates. The monthly premiums for subscribers enrolling at first eligibility are as follows:

    Current
    Rate
    Proposed
    Rate
    Adjustment
    Percentage
    Plan A  $41.05  $54.15 31.9%
    Plan B   $60.45   $81.90 35.4%
    Plan C  $77.45  $93.35 20.6%
    Plan D   $77.90  $93.8020.4%
    Plan E   $82.15   $99.0020.5%
    Plan H $168.50$190.05 12.8%

       These rate adjustments will affect approximately 3,200 subscribers in this Commonwealth and will generate approximately $720,000 in additional premium annually.

       Effective January 1, 2006, subscribers will have the option of enrolling in Medicare Part D. Subscribers under Plan H who enroll in Medicare Part D will no longer receive prescription drug benefits under their Plan H coverage; the company proposes in this filing a 52.1% reduction in premiums for Plan H subscribers whose prescription drug coverage is eliminated from their plan benefits. The proposed Plan H first eligibility rates with and without prescription drug coverage are as follows:

    Proposed
    Rate
    With Rx
    Proposed
    Rate
    Without Rx
    Adjustment
    Percentage
    Plan H$190.05$91.00-52.1%

       Unless formal administrative action is taken prior to January 3, 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 office in Harrisburg.

       In conjunction with this corrected notice, the Department is extending the deadline for submission of public input regarding this filing from October 31, 2005, to November 21, 2005. 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, mgurgiolo@ state.pa.us by November 21, 2005.

    M. DIANE KOKEN,   
    Insurance Commissioner

    [Pa.B. Doc. No. 05-2067. Filed for public inspection November 4, 2005, 9:00 a.m.]

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