The Empire Plan is a unique health insurance plan designed especially for public employees in New York State. Empire Plan benefits include inpatient and outpatient hospital coverage, medical/surgical coverage, Centers of Excellence for transplants, infertility and cancer, home care services, equipment and supplies, mental health and substance abuse coverage and prescription drug coverage.
GEORGE E. PATAKI
GOVERNOR
DEPARTMENT OF CIVIL SERVICE
ALBANY, NEW YORK 12239
www.cs.ny.gov
DANIEL E. WALL
COMMISSIONER
JOHN F. BARR
EXECUTIVE DEPUTY COMMISSIONER
PA05-05
TO: Participating Agency Health Benefit Administrators
FROM: Mr. Robert W. DuBois, Director of the Employee Benefits Division
SUBJECT: Empire Plan Quarterly Experience Report
DATE: May 25, 2005
Enclosed are the First Quarter Empire Plan Experience Report for 2005 and the cover letter to the Chief Executive Officers. This report presents the actual 2004 Empire Plan experience, projected 2005 Empire Plan experience and projected 2006 premium rates.
Also, please note that we have replaced the “Keeping You Informed” section of the report with a new feature – NYSHIP News. We are sending this quarterly newsletter to keep your agency CEO better informed about NYSHIP issues and changes.
May 25, 2005
Dear Chief Executive Officer:
Attached is the Empire Plan First Quarter Experience Report for 2005. This report presents the actual 2004 Empire Plan experience, projected 2005 Empire Plan experience, based on claims paid through March 31, 2005, and projected 2006 premium rates.
The Empire Plan carriers declared a 2004 net dividend of $163.8 million or 4.1% of premium. For Plan Year 2005, the Empire Plan carriers project a net dividend of $135.7 million, 3.2% of premium. This report presents the basis for these projections and future reports will include revisions based on additional claims experience.
The projected 2006 premium rates are presented in Exhibit III and reflect a “best estimated” net increase of 10.4%. The report also presents a range of the potential 2006 rate increase for your budget development considerations.
Also, please note that we have replaced the “Keeping You Informed” section of the report with a new feature – NYSHIP News. We sending this quarterly newsletter to keep you and your agency better informed about NYSHIP issues and changes.
I hope this report is informative and useful to you. If you have any questions, comments or suggestions, please doni??t hesitate to contact me.
Sincerely,
Robert W. DuBois, CEBS
Director
Employee Benefits Division
PARTICIPATING AGENCIES
EMPIRE PLAN
2005 First Quarter
Experience Report
Prepared by the State of New York
Department of Civil Service
EMPIRE PLAN EXPERIENCE REPORT
JANUARY – MARCH 2005
Produced for
PARTICIPATING AGENCIES IN THE
NEW YORK STATE
HEALTH INSURANCE PROGRAM
by
the Employee Benefits Division
New York State Department of Civil Service
Daniel E. Wall
President, New York State Civil Service Commission
- Actual 2004 Empire Plan Experience
- Projected 2005 Empire Plan Experience
- Projected 2006 Premium Rates
Exhibits
I. Actual 2004 Empire Plan Experience
II. Projected 2005 Empire Plan Experience
III. 2006 Projected PA Premium Rates
IV. Empire Plan PA 5-Tier Group Rates 1996-2006
V. Empire Plan PA 2-Tier Group Rates 1996-2006
NYS HEALTH INSURANCE PROGRAM
PARTICIPATING AGENCY GROUP
EMPIRE PLAN EXPERIENCE REPORT
1st QUARTER REPORT
ACTUAL 2004 EMPIRE PLAN EXPERIENCE
The Empire Plan carriers declared a composite dividend of $163.8 million (4.1% of premium), or $68.8 million more than the margin loaded in the 2004 rates. The 2004 annual experience is reported in Exhibit I.
Cigna declared a $60.7 million dividend (5.0% of premium) for the Prescription Drug Program. The dividend is $2.5 million less than the 4th Quarter projection and $26.1 million greater than what was projected at the 2004 rate renewal. This increase is reflective of an improvement in the 2004 trend of 17.9% estimated at rate development, to the actual trend of 12.7%.
UnitedHealthcare declared a $66.8 million dividend (4.6% of premium), $3.1 million less than the 4th Quarter projection and $29.1 million greater than what was projected at the 2004 rate renewal. This experience improvement is attributable to a modest reduction in the 2003 estimated claim base as well as a reduction in the 2004 trend from 10.8% projected at the time of the 2004 rate development to the current projected trend of 8.6%.
Group Health Incorporated declared a $7.8 million dividend (8.6% of premium) for the Mental Health and Substance Abuse Program, $0.07 million less than the 4th Quarter projection and $5.4 million more than the margin loaded in the 2004 rates. This improvement is largely attributable to a reduction in 2003 and 2004 trend to 3.0% and 3.5% respectively, from the trends (5% for both 2003 and 2004) used in the development of the 2004 rates.
Empire BlueCross BlueShield (EBCBS) declared a $28.5 million gain (2.4% of premium). This amount represents a $6.5 million improvement from the fourth quarter dividend projection and is consistent with the margin level used in the rate development.
PROJECTED 2005 EMPIRE PLAN EXPERIENCE
The Empire Plan carriers project a composite dividend of $135.7 million (3.2% of premium), or $32.3 million more than the margin loaded in the 2005 rates. The 2005 annual experience projected by the insurance carriers is reported in Exhibit II.
This projection is based on only three months of 2005 paid claim data. The following chart presents the percentage of the projected incurred claims actually paid as well as the current 2005 trend as compared to the trend assumed during the 2005 rate development:
| % of Paid Claims to Projected Incurred Claims 2004 | % of Paid Claims to Projected Incurred Claims 2005 | Projected 2005 Trend at Renewal | Projected 2005 Trend at 1st Quarter | |
|---|---|---|---|---|
| Blue Cross | 95.6% | 13.4% | 13.6% | 13.8% |
| UnitedHealthcare | 98.2% | 16.1% | 10.7% | 10.5% |
| GHI | 97.7% | 12.3% | 4.5% | 3.7% |
| Cigna | 99.9% | 21.0% | 17.6% | 16.8% |
The 2005 projected dividend for each carrier as compared to the margin level used in the 2005 premium development is as follows:
| Margin | 2005 Projected Dividend/(Loss) | Increase/(Decrease) |
|
|---|---|---|---|
| Blue Cross | $23,043,000 | $29,548,000 | $6,505,000 |
| UnitedHealthcare | $40,834,000 | $22,156,000 | $(18,678,000) |
| GHI | $2,423,000 | $2,811,000 | $388,000 |
| Cigna | $37,107,000 | $81,205,000 | $44,098,000 |
| Total | $103,407,000 | $135,720,000 | $32,313,000 |
The increase in the dividend projection is primarily attributable to a modest reduction in the projected prescription drug trend coupled with an increase in savings attributable to the plan changes made effective January 1, 2005. While modestly higher dividends are projected for the Blue Cross and GHI components, a decrease in the projected UnitedHealthcare dividend is projected. The majority of this projected dividend decrease/claim increase is attributable to a ten million dollar increase in the projected 2004 claims and an increase in the 2005 projected claim costs associated with the revised cost/savings estimates for certain plan design changes implemented on January 1, 2005.
2006 PROJECTED PREMIUM RATES
Exhibit III presents the projected 2006 Empire Plan gross and net premium rates assuming the application of $125.0 million in dividend to all payors. In aggregate, the Empire Plan gross premium is projected to increase approximately 11.1% while the net premium is projected to increase 10.4%
A range of projected gross and net premium rates is also included (7.1%-13.6%). Carrier rate projections made at this time of the year have been historically conservative with the rates ultimately approved and implemented being significantly less than the projections contained in 1st Quarter Reports. In developing the projected 2006 rates, the Department of Civil Service reduced the carrier projections by approximately 1.7% to remove the a level of excess conservatism specifically observed in the carrier rate estimates. Each agency should assess its budgetary environment in using the enclosed projections.
Exhibit IV presents the individual and family rate history for the Core Plus Medical and Psychiatric Enhancements option based on the 5-tier Empire Plan billing rate history in effect since January 1, 1996. Exhibit V presents, for illustrative purposes only, the 2-tier rate history from 1996 to 2006.
Exhibit I
2004 EMPIRE PLAN EXPERIENCE
In (000’s)
| EMPIRE BLUE CROSS | UnitedHealthcare MEDICAL Core | UnitedHealthcare MEDICAL NY Enhancement | UnitedHealthcare MEDICAL PA Enhancement | UnitedHealthcare MEDICAL Combined | GHI MHSA Core | GHI MHSA NY Enhancement | GHI MHSA PA Enhancement | GHI MHSA Combined | CIGNA | TOTAL | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (A) Premium (1) | 1,170,852 | 1,235,005 | 123,297 | 106,837 | 1,465,139 | 73,182 | 9,906 | 7,677 | 90,765 | 1,222,536 | 3,949,292 |
| (B) Incurred Claims (2) | 1,046,221 | 1,057,347 | 108,624 | 92,159 | 1,258,130 | 54,303 | 7,131 | 5,612 | 67,046 | 1,119,580 | 3,490,977 |
| (C) Administrative Expense (3) | 96,170 | 122,406 | 9,615 | 8,208 | 140,229 | 12,805 | 1,727 | 1,341 | 15,873 | 42,243 | 294,515 |
| (D) Gain/(Loss) (A-B-C) | 28,461 | 55,252 | 5,058 | 6,470 | 66,780 | 6,074 | 1,048 | 724 | 7,846 | 60,713 | 163,800 |
(1)Earned Premium - Premium which pays for coverage for the period reported (accrual basis).
(2) Incurred Claims - Represents the cost of covered services provided during the period reported by the insurance company (accrual basis).
(3)Administrative Expenses - All charges by the insurance carrier other than for the payment of claims.i?? Includes carrier’s cost to administer the program, interest charges, and other retention.
Source: 2004 Annual Financial Statements
Exhibit II
2005 PROJECTED EMPIRE PLAN EXPERIENCE
In (000’s)
| EMPIRE BLUE CROSS | UnitedHealthcare MEDICAL Core | UnitedHealthcare MEDICAL NY Enhancement | UnitedHealthcare MEDICAL PA Enhancement | UnitedHealthcare MEDICAL Combined | GHI MHSA Core | GHI MHSA NY Enhancement | GHI MHSA PA Enhancement | GHI MHSA Combined | CIGNA | TOTAL | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (A) Premium (1) | 1,332,956 | 1,362,171 | 128,503 | 111,922 | 1,602,596 | 71,976 | 10,604 | 7,316 | 89,896 | 1,271,992 | 4,297,440 |
| (B) Incurred Claims (2) | 1,198,897 | 1,252,228 | 98,321 | 81,180 | 1,431,729 | 57,928 | 7,885 | 5,735 | 71,548 | 1,142,325 | 3,844,499 |
| (C) Administrative Expense (3) | 104,511 | 132,454 | 8,790 | 7,467 | 148,711 | 12,456 | 1,819 | 1,262 | 15,537 | 48,462 | 317,221 |
| (D) Gain/(Loss) (A-B-C) | 29,548 | (22,511) | 21,392 | 23,275 | 22,156 | 1,592 | 900 | 319 | 2,811 | 81,205 | 135,720 |
(1)Earned Premium - Premium which pays for coverage for the period reported (accrual basis).
(2) Incurred Claims - Represents the cost of covered services provided during the period reported by the insurance company (accrual basis).
(3)Administrative Expenses - All charges by the insurance carrier other than for the payment of claims.i?? Includes carrier’s cost to administer the program, interest charges, and other retention.
Source: Carrier 2005 1st Quarter Report
Exhibit III
EMPIRE PLAN
Participating Agency Premium Rates
Comparison of 2005 and Projected 2006 rates
CORE ONLY
Plan Prime - Individual
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
453.01
|
485.57
|
7.2%
|
446.36
|
474.40
|
6.3%
|
|
Best Estimate
|
453.01
|
500.33
|
10.4%
|
446.36
|
489.16
|
9.6%
|
|
Pessimistic
|
453.01
|
514.54
|
13.6%
|
446.36
|
503.37
|
12.8%
|
Plan Prime - Family
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
957.03
|
1,025.74
|
7.2%
|
942.99
|
1,002.36
|
6.3%
|
|
Best Estimate
|
957.03
|
1,056.88
|
10.4%
|
942.99
|
1,033.50
|
9.6%
|
|
Pessimistic
|
957.03
|
1,086.86
|
13.6%
|
942.99
|
1,063.48
|
12.8%
|
MediPrime - Individual
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
329.75
|
360.33
|
9.3%
|
322.87
|
348.20
|
7.8%
|
|
Best Estimate
|
329.75
|
367.49
|
11.4%
|
322.87
|
355.36
|
10.1%
|
|
Pessimistic
|
329.75
|
374.46
|
13.6%
|
322.87
|
362.33
|
12.2%
|
MediPrime - Family 1
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
833.76
|
900.50
|
8.0%
|
819.48
|
876.19
|
6.9%
|
|
Best Estimate
|
833.76
|
924.05
|
10.8%
|
819.48
|
899.74
|
9.8%
|
|
Pessimistic
|
833.76
|
946.78
|
13.6%
|
819.48
|
922.47
|
12.6%
|
MediPrime - Family 2
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
710.49
|
775.25
|
9.1%
|
696.00
|
749.98
|
7.8%
|
|
Best Estimate
|
710.49
|
791.22
|
11.4%
|
696.00
|
765.95
|
10.1%
|
|
Pessimistic
|
710.49
|
806.71
|
13.5%
|
696.00
|
781.44
|
12.3%
|
(1) Represents premiums charged by the carriers.
(2) Represents cost to a participating employer.
(3) Projected Rates.
EMPIRE PLAN
Participating Agency Premium Rates
Comparison of 2005 and Projected 2006 rates
CORE PLUS MEDICAL & PSYCHIATRIC ENHANCEMENTS
Plan Prime - Individual
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
490.41
|
526.31
|
7.3%
|
478.49
|
515.10
|
7.7%
|
|
Best Estimate
|
490.41
|
543.20
|
10.8%
|
478.49
|
527.26
|
10.2%
|
|
Pessimistic
|
490.41
|
559.56
|
14.1%
|
478.49
|
548.35
|
14.6%
|
Plan Prime - Family
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
1,038.64
|
1,114.57
|
7.3%
|
1,013.68
|
1,091.06
|
7.6%
|
|
Best Estimate
|
1,038.64
|
1,150.38
|
10.8%
|
1,013.68
|
1,116.79
|
10.2%
|
|
Pessimistic
|
1,038.64
|
1,185.03
|
14.1%
|
1,013.68
|
1,013.52
|
14.6%
|
MediPrime - Individual
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
340.50
|
372.08
|
9.3%
|
331.93
|
359.93
|
8.4%
|
|
Best Estimate
|
340.50
|
379.86
|
11.6%
|
331.93
|
366.16
|
10.3%
|
|
Pessimistic
|
340.50
|
387.44
|
13.8%
|
331.93
|
375.29
|
13.1%
|
MediPrime - Family 1
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
888.71
|
960.35
|
8.1%
|
867.09
|
935.97
|
7.9%
|
|
Best Estimate
|
888.71
|
987.05
|
11.1%
|
867.09
|
955.76
|
10.2%
|
|
Pessimistic
|
888.71
|
1,012.93
|
14.0%
|
867.09
|
988.55
|
14.0%
|
MediPrime - Family 2
|
|
Gross Rates(1) |
Gross Rates(1) |
Gross Rates(1) |
Net Rates(2) |
Net Rates(2) |
Net Rates(2) |
|---|---|---|---|---|---|---|
|
Optimistic
|
738.79
|
806.11
|
9.1%
|
720.53
|
780.79
|
8.4%
|
|
Best Estimate
|
738.79
|
823.71
|
11.5%
|
720.53
|
794.65
|
10.3%
|
|
Pessimistic
|
738.79
|
840.82
|
13.8%
|
720.53
|
815.50
|
13.2%
|
(1) Represents premiums charged by the carriers.
(2) Represents cost to a participating employer.
(3) Projected Rates.
Exhibit IV
PA 5 TIER GROUP RATES
1996-2006 MONTHLY RATES
Core Plus Med. & Psych. Enhancement
Individual Planprime
| Individual | Gross Rate (1) | % Change | Net Rate (2) | % Change |
|---|---|---|---|---|
| 1996 (3) | 234.59 | 9.3% | 207.66 | 7.3% |
| 1997 | 261.80 | 11.6% | 240.22 | 15.7% |
| 1998 | 267.89 | 2.3% | 246.07 | 2.4% |
| 1999 | 279.56 | 4.4% | 261.18 | 6.1% |
| 2000 | 294.94 | 5.5% | 286.53 | 9.7% |
| 2001 | 325.23 | 10.3% | 314.26 | 9.7% |
| 2002 | 353.81 | 8.8% | 344.66 | 9.7% |
| 2003 | 400.00 | 13.1% | 384.89 | 11.7% |
| 2004 | 448.00 | 12.0% | 438.15 | 13.8% |
| 2005 | 490.41 | 9.5% | 478.49 | 9.2% |
| 2006 Projected | 543.20 | 10.8% | 527.26 | 10.2% |
Average Percent Increase
| From Inception of 5 Tier Structure (1996) | 8.9% | 9.6% | ||
| Most Recent 5 Years | 10.8% | 10.9% |
Family Planprime
| Family | Gross Rate (1) | % Change | Net Rate (2) | % Change |
|---|---|---|---|---|
| 1996 (3) | 521.96 | 7.2% | 459.16 | 4.3% |
| 1997 | 537.96 | 3.1% | 489.22 | 6.5% |
| 1998 | 552.00 | 2.6% | 503.78 | 3.0% |
| 1999 | 573.33 | 3.9% | 531.89 | 5.6% |
| 2000 | 607.33 | 5.9% | 590.16 | 11.0% |
| 2001 | 673.67 | 10.9% | 651.09 | 10.3% |
| 2002 | 742.98 | 10.3% | 723.97 | 11.2% |
| 2003 | 842.38 | 13.4% | 811.41 | 12.1% |
| 2004 | 945.29 | 12.2% | 924.74 | 14.0% |
| 2005 | 1,038.64 | 9.9% | 1,013.68 | 9.6% |
| 2006 Projected | 1,150.38 | 10.8% | 1,116.79 | 10.2% |
Average Percent Increase
| From Inception of 5 Tier Structure (1996) | 8.2% | 8.9% | ||
| Most Recent 5 Years | 11.3% | 11.4% |
Individual Medprime
| Individual | Gross Rate (1) | % Change | Net Rate (2) | % Change |
|---|---|---|---|---|
| 1995 | 214.70 | 193.54 | ||
| 1996 (3) | 158.65 | -26.1% | 131.72 | -31.9% |
| 1997 |
150.53 |
-5.1% | 129.28 | -1.9% |
| 1998 | 167.91 | 11.5% | 151.34 | 17.1% |
| 1999 | 186.46 | 11.0% | 175.61 | 16.0% |
| 2000 | 217.94 | 16.9% | 214.25 | 22.0% |
| 2001 | 245.64 | 12.7% | 239.94 | 12.0% |
| 2002 | 259.96 | 5.8% | 253.82 | 5.8% |
| 2003 | 307.02 | 18.1% | 297.50 | 17.2% |
| 2004 | 341.87 | 11.4% | 334.22 | 12.3% |
| 2005 | 340.50 | -0.4% | 331.93 | -0.7% |
| 2006 Projected | 379.86 | 11.6% | 366.16 |
10.3% |
Average Percent Increase
| From Inception of 5 Tier Structure (1996) | 6.1% | 7.1% | ||
| Most Recent 5 Years | 9.3% | 9.0% |
Family - 1 Medprime
| Family | Gross Rate (1) | % Change | Net Rate (2) | % Change |
|---|---|---|---|---|
| 1995 | 486.99 | 440.35 | ||
| 1996 (3) | 446.03 | -8.4% | 383.23 | -13.0% |
| 1997 | 427.23 | -4.2% | 378.82 | -1.2% |
| 1998 | 452.73 | 6.0% | 409.76 | 8.2% |
| 1999 | 480.95 | 6.2% | 447.05 | 9.1% |
| 2000 | 530.97 | 10.4% | 518.52 | 16.0% |
| 2001 | 595.25 | 12.1% | 577.95 | 11.5% |
| 2002 | 649.14 | 9.1% | 633.13 | 9.5% |
| 2003 | 749.40 | 15.4% | 724.05 | 14.4% |
| 2004 | 839.18 | 12.0% | 820.82 | 13.4% |
| 2005 | 888.71 | 5.9% | 857.09 | 5.5% |
| 2006 Projected | 987.05 | 11.1% | 955.76 | 10.2% |
Average Percent Increase
| From Inception of 5 Tier Structure (1996) | 6.9% | 7.6% | ||
| Most Recent 5 Years | 10.7% | 10.6% |
Family - 2 or More Medprime
| Family | Gross Rate (1) | % Change | Net Rate (2) | % Change |
|---|---|---|---|---|
| 1995 | 486.99 | 440.35 | ||
| 1996 (3) | 369.87 | -24.0% | 307.07 | -30.3% |
| 1997 | 315.24 | -14.8% | 267.15 | -13.0% |
| 1998 | 351.98 | 11.7% | 314.25 | 17.6% |
| 1999 | 387.05 | 10.0% | 360.66 | 14.8% |
| 2000 | 453.22 | 17.1% | 445.51 | 23.5% |
| 2001 | 514.40 | 13.5% | 502.37 | 12.8% |
| 2002 | 555.29 | 7.9% | 542.29 | 7.9% |
| 2003 | 656.42 | 18.2% | 636.67 | 17.4% |
| 2004 | 733.05 | 11.7% | 716.88 | 12.6% |
| 2005 | 738.79 | 0.8% | 720.53 | 0.5% |
| 2006 Projected | 823.71 | 11.5% | 794.65 | 10.3% |
Average Percent Increase
| From Inception of 5 Tier Structure (1996) | 5.8% | 6.7% | ||
| Most Recent 5 Years | 10.0% | 9.7% |
(1) Represents the premiums charged by the carriers.
(2) Represents the premium charged to a participating employer.
(3) Includes the impact of benefit changes effective 1/1/05.
Exhibit V
EMPIRE PLAN
PA 2 TIER GROUP RATES
1996-2006 MONTHLY RATES
(FOR ILLUSTRATIVE PURPOSES ONLY)
Core Plus Med. & Psych. Enhancement
Individual
| Individual | Gross Rate | % Change | Net Rate | % Change |
|---|---|---|---|---|
| 1996 (1) | 219.20 | 2.1% | 192.27 | -0.7% |
| 1997 | 219.87 | 0.3% | 198.37 | 13.2% |
| 1998 | 227.35 | 3.4% | 204.38 | 3.0% |
| 1999 | 239.24 | 5.2% | 222.00 | 8.6% |
| 2000 | 260.67 | 9.0% | 253.98 | 14.4% |
| 2001 | 289.41 | 11.0% | 280.25 | 10.3% |
| 2002 | 313.58 | 8.4% | 305.67 | 9.1% |
| 2003 | 357.44 | 14.0% | 345.36 | 13.0% |
| 2004 | 402.70 | 12.7% | 394.31 | 14.2% |
| 2005 | 433.70 | 7.7% | 423.31 | 7.4% |
| 2006 Projected | 481.97 | 11.1% | 467.36 | 10.4% |
Average Percent Increase
| From Inception (1986) | 8.3% | 8.4% | ||
| Most Recent 5 Years | 8.3% | 9.4% | ||
| Most Recent 5 Years | 10.8% | 10.8% |
Family
| Individual | Gross Rate | % Change | Net Rate | % Change |
|---|---|---|---|---|
| 1996 (1) | 491.07 | 0.8% | 428.27 | -2.7% |
| 1997 | 495.81 | 1.0% | 447.22 | 4.4% |
| 1998 | 514.28 | 3.7% | 463.62 | 3.7% |
| 1999 | 539.14 | 4.8% | 499.75 | 7.8% |
| 2000 | 578.26 | 7.3% | 563.03 | 12.7% |
| 2001 | 640.64 | 10.8% | 619.28 | 10.0% |
| 2002 | 703.61 | 9.8% | 685.83 | 10.7% |
| 2003 | 805.64 | 14.5% | 778.82 | 13.6% |
| 2004 | 899.98 | 11.7% | 881.48 | 13.2% |
| 2005 | 968.40 | 7.6% | 945.11 | 7.2% |
| 2006 Projected | 1,075.39 | 11.0% | 1,043.33 | 10.4% |
Average Percent Increase
| From Inception (1986) | 8.7% | 8.7% | ||
| Most Recent 5 Years | 8.2% | 9.4% | ||
| Most Recent 5 Years | 10.9% | 11.0% |
(1) Represents 2 tier Empire Plan Rates; See 5 tier rate schedule effective 1/1/96.