4764851, 69O-149.003 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 4764851

Notice of Meeting/Workshop Hearing

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

FILING OF FORMS AND RATES FOR LIFE/HEALTH INSURANCE

Overview

RULE:

69O-149.003

Rate Filing Procedures

The Financial Services Commission announces a hearing to which all persons are invited.

DATE AND TIME:

PLACE:

Subject:

This is the Final Public Hearing on the adoption of proposed amendments to paragraph 69O-149.003(6)(d), Florida Administrative Code, published on September 7, 2007 in Vol. 33, No. 36, of the F.A.W., No notice of change was published.

THE FULL TEXT OF THE PROPOSED RULE IS:
69O-149.003 Rate Filing Procedures.
(6)(a) The following tables shall apply to filings made pursuant to subsection (5) above.
(b) A company without fully credible data may, at its option, use an annual medical trend assumption not to exceed the values in the following tables for the medical trend assumption used in a complete filing made pursuant to paragraph 69O-149.003(2)(b), F.A.C., including the actuarial memorandum required by Rule 69O-149.006, F.A.C., without providing explicit trend justification.
(c) Use of an annual medical trend assumption exceeding the maximum medical trend in the following tables shall be filed pursuant to subparagraph 69O-149.006(3)(b)18., F.A.C.
(d) The maximum medical trend for medical expense coverage described in Section 627.6561(5)(a)2., F.S., is:
Category	Individual	Individual	Group	Group
	Without Rx	With Rx	Without Rx	With Rx
Major Medical	12%11.5%	14%12.0%	13.5%13.0%	14.5%13.5%
Health Maintenance
 Organizations	11.5%10.5%	12.5%11.0%	13.5%13.0%	14.5%13.5%
(e) The maximum medical trend for Medicare supplement coverage is:
Medicare supplement	5.5%	10%	5.5%	10%
Specific Authority 624.308(1), 624.424(1)(c), 627.410(6)(b), (e) FS. Law Implemented 119.07(1)(b), 624.307(1), 626.9541(1), 627.410 FS. History–New 7-1-85, Formerly 4-58.03, 4-58.003, Amended 8-23-93, 4-18-94, 8-22-95, 4-4-02, 10-27-02, 6-19-03, Formerly 4-149.003, Amended 5-18-04, 12-22-05,_________.

A copy of the agenda may be obtained by contacting: the Governor and Cabinet Website at http://www.myflorida. com/myflorida/cabinet/mart.html. The agenda should be available approximately one week before the cabinet meeting.

PRINT PUBLISH DATE:

10/26/2007 Vol. 33/43

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.