Bureau of Insurance to Hold Public Comment Sessions and Hearings on Requested Rate Increases for Anthem and MEGA Life

AUGUSTA – 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:

February 22, 4 – 7 p.m.
Maine Lobby Room
Cumberland County Civic Center
1 Civic Center Square
Portland, Maine

February 24, 4 – 7 p.m.
Libra Lecture Hall
Husson University
1 College Circle
Bangor, Maine
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:
MEGA Life & Health – February 25, 9:00 a.m.
Central Conference Room
Department of Professional and Financial Regulation
Gardiner Annex
76 Northern Avenue
Gardiner, Maine
Anthem – April 8, 9:00 a.m. – Public Comment Session
Central Conference Room
Department of Professional and Financial Regulation
Gardiner Annex
76 Northern Avenue
Gardiner, Maine
Anthem – April 15, 9:00 a.m. – Public Hearing
Central Conference Room
Department of Professional and Financial Regulation
Gardiner Annex
76 Northern Avenue
Gardiner, Maine

Comments can also be submitted for consideration by the Superintendent of Insurance through U.S. Postal mail or e-mail:
E-mail: Sarah.Hewitt@maine.gov
Mail: Superintendent of Insurance
Attn: Sarah Hewitt (INS-10-1000)
34 State House Station
Augusta, Maine 04333

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: