For the 2013 year, we have developed a new Select Plan to upgrade from our outdated copayment and rate schedule from the previously approved 603x Select Plan. The 703x-tk Select Plan rates will be administered for new and renewal business once approved. Because these are new products/rates, we do not currently have any membership and consider these to be a new product/rate filing.
The Select Plan 703x-tk is the monthly individual premium rates which correspond to form number DC 12DICOC, approved on May 14, 2012 (SERFF tracking #DMND-128291798).
The Select Plan 703x-tk is an upgraded plan from the previously approved Select Plan 603x (SERFF Tracking# DMND-126933401 and attached hereto under the supporting documentation tab). We are requesting an increase of 4.5% on the 603x Select Plan rates that were filed and approved on January 6, 2011. These rates are provided to each individual enrolled in the plan and will be effective April 1, 2013.
No other regulatory body has withdrawn approval of the forms above for any reason, including the reason that the forms contained one or more provisions that were deemed to be misleading, deceptive or contrary to public policy.
Our programs are sold to large and small employer groups, associations, trade unions, fraternal organizations, and individuals.