INSURANCE DEPARTMENT Autism Spectrum Disorders Coverage—Maximum Benefit Adjustment; Notice 2014-02 (Corrected) [44 Pa.B. 1405]
[Saturday, March 8, 2014]Section 635.2 of The Insurance Company Law of 1921 (40 P. S. § 764h), added by section 3 of the act of July 9, 2008 (P. L. 885, No. 62), requires:
After December 30, 2011, the Insurance Commissioner shall, on or before April 1 of each calendar year, publish in the Pennsylvania Bulletin an adjustment to the maximum benefit equal to the change in the United States Department of Labor Consumer Price Index for All Urban Consumers (CPI-U) in the preceding year, and the published adjusted maximum benefit shall be applicable to the following calendar years to health insurance policies issued or renewed in those calendar years.
The CPI-U for the year preceding December 30, 2013, was 1.5%. Accordingly, the maximum benefit, previously adjusted to $37,710 per year, is hereby adjusted to $38,276 for policies issued or renewed in calendar year 2015.
Questions regarding this notice may be directed to Peter Camacci, Director, Bureau of Life, Accident and Health, Insurance Department, 1311 Strawberry Square, Harrisburg, PA 17120, (717) 787-4192, ra-rateform@pa.gov.
MICHAEL F. CONSEDINE,
Insurance Commissioner[Pa.B. Doc. No. 14-492. Filed for public inspection March 7, 2014, 9:00 a.m.]
