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PA Bulletin, Doc. No. 08-1777


Capital Advantage Insurance Company; Medical-Surgical and Major Medical of Individual Direct Pay Basic Hospitalization/Medical-Surgical/Major Medical Contract (Form No. IA-Trad-C); Rate Filing

[38 Pa.B. 5403]
[Saturday, September 27, 2008]

   By filing No. 08-O, Capital Advantage Insurance Company, requests approval to increase the premium rates for the hospital portion of its Individual Direct Pay Basic Hospitalization/Medical-Surgical/Major Medical Program. The filing requests an average increase of 9.9%. This will affect approximately 563 contracts and produce additional premium income of about $359,424 annually. The requested effective date of the change is January 1, 2009.

   The current and requested rates are as follows:

   Direct Pay Hospitalization Health Services--Nongroup

Contract Type Current Rates Proposed Rates Percent Increase
Single $402.57    $442.42 9.9%
Husband and Wife $805.15    $884.86 9.9%
Parent and Child $603.87    $663.65 9.9%
Parent and Children $629.18    $691.47 9.9%
Family $921.09 $1,012.28 9.9%

   Unless formal administrative action is taken prior to December 11, 2008, the subject filing may be deemed approved by operation of law.

   A copy of the filing is available on the Insurance Department's (Department) web site at www.ins.state. To access the filing, under ''Quick Links'' click on ''Rate Filings Published in the PA Bulletin.''

   A copy of the filing is also available for public inspection, by appointment, during normal working hours at the Department's Harrisburg Regional office.

   Interested parties are invited to submit written or email comments, suggestions or objections to Cherri Sanders-Jones, Insurance Department, Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, within 30 days after publication of this notice in the Pennsylvania Bulletin.

Insurance Commissioner

[Pa.B. Doc. No. 08-1777. Filed for public inspection September 26, 2008, 9:00 a.m.]

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