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Maine.gov > PFR Home > Insurance Regulation > All Press Releases > Bureau of Insurance to Hold Public Comment Sessions and Hearings on Requested Rate Increases for Anthem and MEGA Life
Augusta, Maine -
Insurance Superintendent Mila Kofman has announced that the Bureau of Insurance will hold public comment sessions regarding rate filings for both MEGA Life and Health and Anthem Blue Cross Blue Shield products.
MEGA Life and Health (MEGA) filed a request for a rate revision on its small group plans on August 31, 2009, and on its individual health plans in December 4, 2009, to become effective April 1, 2010. For its small group policies, MEGA indicates that these adjustments will produce an average increase of 21 percent, with 861 policyholders affected by the proposed rate revisions. For its individual policies, MEGA indicates that these adjustments will produce an average increase of 12.5 percent, with 6,890 policyholders affected.
Anthem Blue Cross and Blue Shield filed a proposed rate adjustment for its HealthChoice and Lumenos products on January 4, 2010, to become effective July 1, 2010. Anthem indicates that these adjustments will produce an average increase of 22.9 percent, with 11,066 policyholders affected by the proposed rate revisions.
Public comment will be accepted for both companies’ proposed rate increases at the following dates, times and locations:
Public comment will additionally be accepted during the companies’ public hearings or comment sessions at the Bureau of Insurance on the following dates and times:
Comments can also be submitted for consideration by the Superintendent of Insurance through U.S. Postal mail or e-mail:
Mail: Superintendent of Insurance
Attn: Sarah Hewitt (INS-10-1000)
34 State House Station
Augusta, Maine 04333
Staff members from the Bureau of Insurance will be available at the public hearings to assist consumers with any other insurance matters. General insurance materials will be available and staff will answer questions.
The Bureau of Insurance is part of the Department of Professional and Financial Regulation which encourages sound ethical business practices through high quality, impartial and efficient regulation of insurers, financial institutions, creditors, investment providers, and numerous professions and occupations for the purpose of protecting the citizens of Maine. Consumers can reach the Bureau through its web site at www.maine.gov/insurance; by calling 800-300-5000 in state; or by writing to Bureau of Insurance, 34 State House Station, Augusta ME 04333.
Last Updated: July 26, 2011 7:56 AM
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