Blue Cross of Northeastern Pennsylvania; Experience Rated Group (51+ Eligibles); Rate Filing [35 Pa.B. 3741] On June 20, 2005, Blue Cross of Northeastern Pennsylvania, due to the emergence of medical care cost trends, submitted Filing No. 1116-BCER-1/1/06 requesting the Insurance Department's (Department) approval to change the approved annual trend and retention factors for the Blue Cross Experience Rated groups (51+ eligibles). The request consists of changing the approved Annual Trend from 11% to 15.9%. Also requested are changes to the approved retention factors as follows: Administration Expenses from 7.24% to 5.41%, Non-Group Subsidy from 0.5% to 1.0% and Investment Income Credit from -2.5% to -2.15%. No change is being requested for the Risk & Contingency, Contribution to Surplus and Federal Income Tax factors, all of which are currently approved at 0.0%. The projected average number of members per month during the January 1, 2006, period is approximately 193,061. The requested effective date of the change is January 1, 2006.
A copy of the filing is available on the Department's 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.
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. 05-1280. Filed for public inspection July 1, 2005, 9:00 a.m.]
