1779 Capital BlueCross and Capital Advantage Insurance Company; filing no. 08-RR; filing for approval of revised rates for nongroup medicare supplemental security plans A, B, C and H; rate filing  

  • Capital BlueCross and Capital Advantage Insurance Company; Filing No. 08-RR; Filing for Approval of Revised Rates for Nongroup Medicare Supplemental Security Plans A, B, C and H; Rate Filing

    [38 Pa.B. 5404]
    [Saturday, September 27, 2008]

       Capital BlueCross and Capital Advantage Insurance Company have filed for approval revised rates for their Nongroup Medicare Supplemental Security Program. The aggregate rate increase requested is 7.9%. The requested effective date of the revised rates is January 1, 2009. The most recent prior rate revision for this program took effect on April 1, 2008. The current and revised rates for first eligible issues, and the requested rate adjustments, are as follows:

    Standardized
    Benefit Plan
    Current Rate Revised Rate Rate Adjustment
    Plan A   $91.91   $92.71 0.9%
    Plan B $119.08 $123.72 3.9%
    Plan C $142.84 $156.86 9.8%
    Plan H w/Rx $213.97 $225.62 5.4%
    Plan H w/o Rx $151.45 $160.18 5.8%

       These rate adjustments would affect approximately 32,941 members and would produce approximately $4.41 million in additional premium annually.

       Unless formal administrative action is taken prior to December 10, 2008, the subject filing may be deemed approved by operation of law.

       A copy of the filing is available on the Insurance Department's (Department) web site at www.ins. state.pa.us. To access the filing, under ''Quick Links'' click on ''Rate Filings Published in the PA Bulletin.''

       A copy of the filing is also available for public inspection, by appointment, during normal working hours at the Department's Harrisburg Regional office.

       Interested parties are invited to submit written or email comments, suggestions or objections to Michael Gurgiolo, Insurance Department, Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, mgurgiolo@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.

    JOEL SCOTT ARIO,   
    Insurance Commissioner

    [Pa.B. Doc. No. 08-1779. Filed for public inspection September 26, 2008, 9:00 a.m.]

Document Information