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PA Bulletin, Doc. No. 01-1937

NOTICES

Penn Treaty Network America Insurance Company; Rate Increase Filing for Long Term Care Policy Forms: PF2600, LTCTP-6500, 2400, LTCTP-6000, IL2, LTCTP-6700, IL94, LTC94 and LTC91

[31 Pa.B. 6006]

   Penn Treaty Network America (PTNA) is requesting approval to increase the premium an aggregate 33% for the Comprehensive Long Term Care Policy Forms PF2600, LTCTP-6500 and the associated riders. The average premium for the 2600/6500 Series will increase from $1,413 to $1,885 and will affect 9,032 Commonwealth policyholders. The requested rate increase for the 2600 Series ranges from 237% for issue ages less than 50 to 14% for issue age 89. The requested rate increase for the 6500 Series ranges from 253% for issue ages less than 50 to 20% for issue age 89.

   PTNA is requesting approval to increase the premium 35% for the Long Term Care Policy Forms 2400, LTCTP-6000 and the associated riders. The average premium for the 2400/6000 Series will increase from $1,413 to $1,907 and will affect 6,699 Commonwealth policyholders.

   PTNA is requesting approval to increase the premium 15% for the Home Health Policy Forms IL2, LTCTP-6700 and the associated riders. The average premium for the IL2/6700 Series will increase from $1,164 to $1,339 and will affect 2,855 Commonwealth policyholders.

   PTNA is requesting approval to increase the premium 25% for the Home Health Policy Form IL94 and the associated riders. The average premium for the IL94 Series will increase from $1,077 to $1,346 and will affect 2,628 Commonwealth policyholders.

   PTNA is requesting approval to increase the premium 40% for the Comprehensive Long Term Care Policy Form LTC94 and the associated riders. The average premium for the LTC94 Series will increase from $1,564 to $2,190 and will affect 109 Commonwealth policyholders.

   PTNA is requesting approval to increase the premium 40% for the Long Term Care Policy Form LTC91 and the associated riders. The average premium for the LTC91 Series will increase from $1,362 to $1,907 and will affect 2,230 Commonwealth policyholders.

   Copies of the filing are available for public inspection during normal working hours, by appointment, at the Insurance Department's regional offices in Harrisburg.

   Interested parties are invited to submit written comments, suggestions or objections to James Laverty, Actuary, Insurance Department, Accident and Health Bureau, Office of Rate and Policy Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, within 30 days of publication of this notice in the Pennsylvania Bulletin.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 01-1937. Filed for public inspection October 26, 2001, 9:00 a.m.]


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