Announce Fund FY2008 surcharge rates
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Fiscal Year 2008 Health Care Stabilization Fund surcharge rate changes adopted by the Board of Governors

The Health Care Stabilization Fund Board of Governors made limited changes to the Fiscal Year 2008 surcharge rates.  These changes are for Fund Rating Class Groups 11 (Neurosurgery) and 13 (Registered Nurse Anesthetists) which have been increased 5% and the Missouri Modification Factor, applicable to all Fund Class Groups has been changed from 20% to 25%.  These changes were supported by the recommendation of the independent actuarial review conducted by Towers-Perin Tillinghast of St. Louis, Missouri.

These changes in surcharge rates are included in the Health Care Stabilization Fund FY 2008 Annual Premium Surcharge and Rating Classification System brochure. 

The following are examples of these rate changes for Surgical Specialists in Neurology, Registered Nurse Anesthetists, and Kansas resident health care providers who are also licensed and practicing in Missouri:

These examples are for health care providers with five or more years of Health Care Stabilization Fund coverage and at the $800,000/$2,400,000 Fund coverage limits.

Provider Type Current Surcharge Change FY2008 Surcharge Increase in Surcharge Cost
Neurosurgeon $13,898 5% $14,593 $695
Registered Nurse Anesthetist $990 5% $1,040 $50

Surcharge increase samples for Kansas residents who are practicing in Missouri

Provider Type Current Surcharge Plus 20% Missouri Practice Factor FY2008 Surcharge Plus 25% Missouri Practice Factor Increase in FY2008 Surcharge Cost
HCSF Class 1- Physicians, no surgery $1,254 $1,306 $52
HCSF Class 8- Surgical Specialist,  General Surgery $8,042 $8,373 $336
HCSF Class 11- Surgical Specialist,  Neurology $16,678 $18,241
 (includes 5% rate Kansas surcharge rate increase)
$1,563

Each of these surcharge rate changes were carefully considered by the Board of Governors.  Postponing these changes for this next fiscal year would have likely resulted in greater future surcharge rate changes for Neurosurgeons, Registered Nurse Anesthetists and Kansas resident health care providers who are also practicing in Missouri.  Any one wishing additional information regarding these surcharge rates should contact the Health Care Stabilization Fund.

Click here for additional information about the additional Missouri modification factor.

 

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