1573 Capital Advantage Insurance Company; Individual Direct Pay Comprehensive Major Medical Benefit Contract for the Non-HIPAA and HCTC Programs with a $750 deductible (form no. IA-COMP750-C) and $1,500 deductible (form no. IA-COMP1500-C); rate ...

Capital Advantage Insurance Company; Individual Direct Pay Comprehensive Major Medical Benefit Contract for the Non-HIPAA and HCTC Programs with a $750 Deductible (Form No. IA-COMP750-C) and $1,500 Deductible (Form No. IA-COMP1500-C); Rate Filing

[37 Pa.B. 4727]
[Saturday, August 25, 2007]

   By filing No. 07-X, Capital Advantage Insurance Company requests approval to increase rates for its Individual Direct Pay Comprehensive Major Medial Benefit Contract with a $750 Deductible for the Non-HIPAA and HCTC Programs (Form No. IA-COMP750-C) and Individual Direct Pay Comprehensive Major Medial Benefit Contract with a $1,500 Deductible for HIPAA and HCTC Eligible Individuals (Form No. IA-COMP1500-C). The filing requests an overall increase of 9.9%. The current and requested rates are as follows:

Contract Type	Current Rates	Proposed Rates	Percent Increase
Tier I--$750 Deductible
Single	$355.63	$390.84	9.9%
Husband and Wife	$711.26	$781.67	9.9%
Parent and Child	$510.86	$561.44	9.9%
Parent and Children	$510.86	$561.44	9.9%
Family	$745.78	$819.61	9.9%
Tier II--$1,500 Deductible
Single	$303.18	$333.19	9.9%
Husband and Wife	$606.36	$666.39	9.9%
Parent and Child	$439.73	$483.26	9.9%
Parent and Children	$439.73	$483.26	9.9%
Family	$641.93	$705.48	9.9%

   The proposed rate increase will affect about 4,284 contracts and will produce additional revenue of about $2.27 million annually. The requested effective date of the change is January 1, 2008.

   Unless formal administrative action is taken prior to November 8, 2007, 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 Harrisburg office.

   Interested parties are invited to submit written comments, suggestions or objections to Cherri Sanders-Jones, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, [e-mail], within 30 days after publication of this notice in the Pennsylvania Bulletin.

JOEL SCOTT ARIO,   
Acting Insurance Commissioner

[Pa.B. Doc. No. 07-1573. Filed for public inspection August 24, 2007, 9:00 a.m.]