1776 Capital Advantage Insurance Company; individual direct pay comprehensive major medical benefit contract with a $750 deductible (form no. IA-Comp750h-C) and individual direct pay comprehensive major medical benefit contract with a $1,500 ...
Capital Advantage Insurance Company; Individual Direct Pay Comprehensive Major Medical Benefit Contract with a $750 Deductible (Form No. IA-Comp750h-C) and Individual Direct Pay Comprehensive Major Medical Benefit Contract with a $1,500 Deductible (Form No. IA-Comp1500h-C) for Non-HIPAA and HCTC Eligible Individuals; Filing No. 08-R; Rate Filing [38 Pa.B. 5403]
[Saturday, September 27, 2008]On September 10, 2008, the Insurance Department (Department) received from Capital Advantage Insurance Company a filing for a rate increase for the Individual Direct Pay Comprehensive Major Medical Benefit contract for Non-HIPAA and HCTC Eligible Individuals for both the $750 Deductible and $1,500 Deductible forms.
The company requests a 9.9% increase or about $49.65 per contract for the $750 Deductible Form per month and $44.65 per contract for the $1,500 Deductible Form per month on average. This will affect about 69,000 contract holders and will produce additional income of about $3,315,000 annually. The requested effective date of the change is January 1, 2009.
Unless formal administrative action is taken prior to December 11, 2008, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Department's web site 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 Sabater, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, jsabater@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.
JOEL SCOTT ARIO,
Insurance Commissioner[Pa.B. Doc. No. 08-1776. Filed for public inspection September 26, 2008, 9:00 a.m.]
