Insurance Department Announces Public Hearing On Rate Increase Proposed by Atlantis Health Plan, Inc.
May 18, 2009
Superintendent of Insurance Eric R. Dinallo today announced that the Insurance Department will hold a public hearing in Manhattan as part of the Department’s review of a rate increase application filed by Atlantis Health Plan, Inc. (“Atlantis”). Atlantis has asked that the increases, affecting approximately 3,360 Healthy New York, direct pay HMO and HMO point of service members in the counties of Bronx, Kings, New York, Queens, and Richmond, become effective on July 1, 2009.
The rate increases by line of business are:
- HMO and POS Direct Pay - 10.38%
- Healthy NY - 10.38%
These increases DO NOT affect small and large group policyholders.
The Superintendent has the right to disapprove the requested adjustment if he finds that the requested premiums are excessive, inadequate or unfairly discriminatory. In addition, the Superintendent has the right to establish a modified rate and to approve rates either higher or lower than the rate requested in the application.
The public hearing will be held on May 18, 2009 at 10:00 a.m. at the New York State Insurance Department Neil Levin Hearing Room, 5th Floor, 25 Beaver St, New York, NY 10004. The hearing is open to the public. Information about the hearing is available on the Department’s website at www.ins.state.ny.us.
Any person who wishes to testify at the public hearing will have the opportunity to do so, and should notify the Department at (212) 480-5262. Written statements, too, may be submitted within 10 days after the hearing for inclusion in the record. Written comments should be addressed to Atlantis Hearings, Public Affairs Bureau, New York State Insurance Department, 25 Beaver Street, New York, NY 10004, or e-mailed to the Department at PublicHearingsComments@ins.state.ny.us with “ATLANTIS HEARINGS” as the subject line.
In accordance with the Americans with Disabilities Act, the Department will provide a reasonable accommodation at no charge to any covered individual who wishes to attend or testify at the hearing, provided that such a request is made, in writing, at least 7 days before the hearing to Atlantis Hearings, Public Affairs Bureau, New York State Insurance Department, 25 Beaver Street, New York, NY 10004, or by calling the Insurance Department at (212) 480-5262.
The application and data supporting the application are available for inspection at the Atlantis office at 45 Broadway, Suite 300, New York, NY 10006 (212-747-0877), at the New York State Department of Insurance at One Commerce Plaza, Albany, NY 12257, and at the Department’s New York City offices at 25 Beaver St., New York, NY 10004. A brief descriptive narrative also is available upon request from Atlantis at 45 Broadway, Suite 300, New York, NY 10006.