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. . . . . . NEWSMAINE BUREAU OF INSURANCE
Augusta, Maine: Maine Superintendent of Insurance Alessandro A. Iuppa has announced two separate public hearings to review Anthem Blue Cross and Blue Shield’s requests to increase rates on its Companion Plan Medicare supplement product and its individual HealthChoice products. Companion Plan is Anthem’s supplement to Medicare. The proposed increase in Anthem’s individual rates will affect subscribers in HealthChoice, and HealthChoice standard and basic plans. HealthChoice is Anthem’s Individual PPO product. Anthem is requesting rate increases ranging from 10.0% to 16.5% for its Companion Plan Medicare supplement business. The proposed rate increase will affect approximately 39,593 subscribers. The Companion Plan public hearing will take place at 9:00 am on Monday, October 17, 2005, in the Kennebec Room of the Maine Department of Professional and Financial Regulation office building, 124 Northern Ave, Gardiner, Maine. Anthem Blue Cross is requesting rate increases ranging from 9.9% to 35.8% for its individual HealthChoice products. The proposed rate increase for HealthChoice will affect approximately 19,128 subscribers. The HealthChoice rate hearing is scheduled for 9:00 am on Wednesday, November 9, 2005, in the Transportation Committee hearing room #126 in the State House, on the corner of Capitol and State Street, Augusta, Maine. The purpose of both hearings is to consider whether the rates requested are excessive, inadequate or unfairly discriminatory as determined by Maine law. Members of the public are invited to attend and to participate in either hearing. The requested effective date for both proposed increases is January 1, 2006. 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.MaineInsuranceReg.org; by calling 800-300-5000 in state; or by writing to Bureau of Insurance, 34 State House Station, Augusta ME 04333. ###
Last Updated: May 24, 2011 |
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