Bulletin 2011-03 New Rate Filing Procedures to Comply with 45 CFR Part 154

FROM: David Director South Carolina Department of Insurance Ca!lital Center :\lain Stn:et, Suite Columbia. South Telephone: BULLETIN NUl\1BER 2011-03 "'IKKI R. HALEY Go\ernor D.WlOBLACK Insurance SUBJECT: Rate Filing Procedures to Comply with C.F.R Part 154 as Promulgated by the Center tor Consumer Information and Insurance Oversight and Centers tor Medicare & :\1edicaid Services (CMS) of the United States Department of Health and Human Services (HHS) June 29. 2011 I. PURPOSE On May 201 L 45 C.F.R Part 154, titled as the HEALTH INSURANCE ISSUER RATE INCREASES: DISCLOSURE AND REVIEW REQUIREMENTS rule, was published in the Register. The rule establishes the requiretnents for health insura11ce issuers small group or individual , to report information on threshold and designated as to review. The II. APJ>LICAHILITY AND SCOPE c to to m Carolina plans are not required to submit the All plans must continue to comply with existing filing requirements found on the Department's website, wvvw.doi.sc.gov. This additional information lllHMn., ... the Director's or ability to determine whether a health insurance rate is unreasonable accordance \Vith the requirements of §38-71 10 and §38-71-920 through 1-970. Ill. ADOITIONAL REPORTING REQUIREMENTS to Department, in addition to current filing shall submit the following information: 15 (e). The rate as provided by C.F.R. 1 15 • • • • • • • • • • • • FILING INFORMATION surplus the filed through VL Qt:ESTIONS