1574 Capital Advantage Insurance Company; Special Care Individual Direct Pay Medical-Surgical Contract rate increase; filing no. 07-U; rate filing  

  • Capital Advantage Insurance Company; Special Care Individual Direct Pay Medical-Surgical Contract Rate Increase; Filing No. 07-U; Rate Filing

    [37 Pa.B. 4728]
    [Saturday, August 25, 2007]

       Capital Advantage Insurance Company submitted to the Insurance Department (Department), for its review and approval, adjusted rates for the medical-surgical portion of its Special Care Individual Direct Pay Basic Hospitalization/Medical-Surgical Program. The requested average rate increase is 9.9%. An effective date of January 1, 2008, has been requested. The proposed rate increase would affect approximately 3,616 contracts and would produce additional annual premium income of $440,940. The current and requested rates are as follows:

    Special Care Medical/Surgical Program Health Services--
    Nongroup

    Contract
    Type
    Current Rates Proposed Rates% Increase
    Tier I
    Single   $84.56   $92.93    9.9%
    Husband and Wife $169.12$185.86    9.9%
    Parent and Child $140.54 $154.45   9.9%
    Parent and Children$140.54 $154.45    9.9%
    Family $225.10$247.38    9.9%
    Tier II
    Single   $84.56   $92.93    9.9%
    Husband and Wife $169.12$185.86    9.9%
    Parent and Child $140.54 $154.45    9.9%
    Parent and Children $140.54 $154.45    9.9%
    Family $225.10 $247.38    9.9%

       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 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 James Laverty, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, jlaverty@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.

    JOEL SCOTT ARIO,   
    Acting Insurance Commissioner

    [Pa.B. Doc. No. 07-1574. Filed for public inspection August 24, 2007, 9:00 a.m.]

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