PA| Section 635.2 of The Insurance Company Law of 1921 (40 P.S. § 764h) requires:
“After December 30, 2011, the Insurance Commissioner shall, on or before April 1 of each calendar year, publish in the Pennsylvania Bulletin an adjustment to the maximum benefit equal to the change in the United States Department of Labor Consumer Price Index for All Urban Consumers (CPI-U) in the preceding year, and the published adjusted maximum benefit shall be applicable to the following calendar years to health insurance policies issued or renewed in those calendar years.“
The CPI-U change for the year preceding December 30, 2022, was an increase of 6.5%. Accordingly, the maximum benefit, previously adjusted to $45,808 per year, is hereby adjusted to $48,786 for policies issued or renewed in calendar year 2024.
Questions regarding this notice may be directed to the Bureau of Life, Accident and Health, Insurance Department, 1311 Strawberry Square, Harrisburg, PA 17120, ra-rateform@pa.gov.