1281 First Priority Health; rate filing  

  • INSURANCE DEPARTMENT

    First Priority Health; Rate Filing

    [33 Pa.B. 3094]

       On June 11, 2003, First Priority Health (FPH) submitted filing no. H-746-FPH-BASE RATE 1/1/04 (Department ID A70942001) requesting the Insurance Department's (Department) approval to increase the current 2nd quarter approved rates by 15.14% for the Community Rated HMO Program. FPH is also requesting approval to change the quarterly trend factors for both the hospital/specialist benefits and pharmacy to 3% and 3.78%, respectively. The current approved hospital/specialist quarterly trend factor is 2.62% and pharmacy quarterly trend factor is 3.93%. This filing will affect approximately 49,559 contracts. The proposed increase will generate an additional annual premium income of $56.2 million. An effective date of January 1, 2004, is requested.

       Copies of the filing are available for public inspection during normal working hours, by appointment, at the Department's regional offices in Harrisburg.

       Interested parties are invited to submit written comments, suggestions or objections to Rashmi Mathur, Actuary, Bureau of Accident and Health Insurance, Insurance Department, 1311 Strawberry Square, Harrisburg, PA 17120 within 30 days after publication of this notice in the Pennsylvania Bulletin.

    M. DIANE KOKEN,   
    Insurance Commissioner

    [Pa.B. Doc. No. 03-1281. Filed for public inspection June 27, 2003, 9:00 a.m.]

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