Physicians Mutual Insurance Company - Rate Filing
A previous filing with PHYS-126907855, introduced a discount for customers who pay via Automatic Bank Withdrawal (ABW). The purpose of this filing is to revise rates for the Husband/Wife and All Family plans to ensure that ABW rates for all plans are consistent with each other. The ABW rate for a Husband/Wife plan should be no greater than twice the ABW rate for an Individual plan. Likewise, the ABW rate for an All Family plan should be no greater than the sum of the ABW rates for an Individual plan and a One Parent plan. To meet these conditions, the rates for Husband/Wife and All Family plans have been reduced by 2.5% on the attached rate sheet.
Upon implementation of this change, rates for all existing and new Husband/Wife and All Family business will change to reflect the rates shown in the attached rate sheet.