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Board of
Governors Adopts FY2009 Surcharge Rates
The Health Care Stabilization Fund Board of
Governors recently adopted a new schedule of premium
surcharges for the next fiscal year. The Board of Governors
made its decisions following a thorough analysis by a
professional insurance industry actuary and consideration of
several different options.
Most Kansas health care providers will
experience a modest premium surcharge increase ranging from
four percent to six percent. A few groups that have negligible
loss experience during a recent five-year period will pay the
same surcharge they did last year. The new premium surcharges
will be collected by primary insurers for policies renewing on
or after July 1, 2008.
The Board of Governors establishes premium
surcharges sufficient to assure that the Health Care
Stabilization Fund is actuarially sound. This means that if
for some reason the Kansas Legislature were to discontinue the
statutory mechanism for assuring that all Kansas health care
providers have professional liability insurance coverage,
there would be adequate funds available to pay all claims
until there no longer exists the possibility of any additional
claims. Although this is an unlikely scenario, it is the
fundamental premise that guides the Board of Governors in
making decisions that determine premium surcharges.
The following table outlines some examples of
health care provider categories and the changes in surcharge
amounts for the next fiscal year.
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Type of Health Care Provider |
FY08 Surcharge* |
FY09 Increase* |
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Dermatologists, Pathologists, Psychiatrists |
$1,045 |
$0 |
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Physicians - no surgery |
$1,724 |
$103 |
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Physicians - minor surgery |
$2,255 |
$90 |
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Family Physicians - minor surgery+ob |
$2,475 |
$148 |
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Urologists, Gastrointerologists |
$2,904 |
$174 |
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Otolaryngologists |
$3,736 |
$150 |
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Anesthesiologists |
$2,916 |
$175 |
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General, Plastic Surgeons |
$6,702 |
$402 |
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Cardiothoracic, Orthopedic, Trauma Surgeons |
$6,854 |
$274 |
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Obstetricians-Gynecologists |
$9,672 |
$580 |
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Neurosurgeons |
$14,593 |
$876 |
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Chiropractors |
$562 |
$0 |
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CRNAs |
$1,040 |
$41 |
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Podiatrists |
$2,546 |
$0 |
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%Rate |
%Rate |
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Availability Plan Insureds |
35% |
37% |
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Corporations, LLCs, Partnerships |
35% |
37% |
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Hospitals, Ambulatory Surgical Centers |
35% |
37% |
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Mental Health Centers |
35% |
37% |
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Psychiatric Hospitals |
35% |
37% |
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Residents in Training |
35% |
37% |
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Any Others Not Categorized |
35% |
37% |
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*) $800,000/$2.4m HCSF coverage & >5 years compliance |
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Mailing Address:
Health Care
Stabilization Fund, 300 SW 8th Avenue, Second Floor, Topeka, KS
66603
Telephone Number: 785-291-3777
Fax Number: 785-291-3550
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