This submission constitutes a request for a rate increase on policy forms that provide benefits to supplement Medicare for Parts A and B. Enclosed are actuarial memorandums providing the necessary information for justifying the request. This submission is also being made to comply with the annual rate filing requirement.
Upon approval, the new rates referenced above will be implemented on July 1, 2014.
In addition to justification for the rate increase, each Actuarial Memorandum provides the policy form involved and the policy approval date. The overall premium impact of the filing on District of Columbia’s policyholders has been $217.00 for two policyholders since July 1, 2013.
This submission contains an actuarial memorandum for the Individual Pre-standardized plans and the appropriate certification forms.
Current policyholders will receive notification of this rate increase at least 30 days prior to the billing date that will reflect this rate increase.
Percent Change: 5.000%