State to review health insurance rate hike proposals – NBC Connecticut

The state Department of Insurance has received rate proposals from nine health insurers for the individual and small group market and said they are on average higher than last year. The 13 files cover about 206,000 people.

The proposed average individual rate requirement is an increase of 20.4 percent, compared to 8.6 percent in 2022 and ranges from 8.6 percent to 25.2 percent, according to the department.

While the proposed average small group rate requirement is an increase of 14.8 percent, compared to 12.9 percent in 2022, and ranges from 3.6 percent to 29.3 percent.

“The Connecticut Department of Insurance has received 13 rate filings from nine health insurers for plans to be offered in the individual and small group market, both on and off the state-sponsored exchange, Access Health CT. Working within the authority granted to this Department, we will closely review these filings to ensure that the fees requested are consistent with state law,” Insurance Commissioner Andrew Mais said in a statement.

The department will hold an information session on the requested rate increase in early August.

Attorney General William Tong said Friday that he has requested a full public hearing before the state Department of Insurance to review the proposals.

“Health care costs and insurance premiums are already unaffordable for many Connecticut families, businesses and individuals, and these double-digit rate increases require rigorous scrutiny. The Department of Insurance has previously agreed to hold public rate hearings for any rate increase exceeding 10 percent, and that transparency is certainly needed now. We cannot simply allow insurers to seek costs and claims without our own independent analysis and review,” Tong said in a statement.

  • Aetna Life Insurance Company – 2023 off the exchange rate
    • Company File Type: Small Group
    • On July 1, 2022, Aetna Life Insurance Co. filed a rate hike of 14.1 percent for small group indemnity plans that provide bulk medical and prescription drug coverage to employers with 50 or fewer workers.
  • Anthem Health Plans, Inc – Active and Off 2023 Exchange Rates
    • Company File Type: Individual
    • On July 1, 2022, Anthem Health Plans, Inc. filed a fee request for an average 8.6 percent increase in individual health plans sold on and off the state’s health insurance exchange.
  • Anthem Health Plans, Inc – Active and Off 2023 Exchange Rates
    • Company File Type: Small Group
    • On July 1, 2022, Anthem Health Plans, Inc. filed a fee request for an average 3.6 percent rate increase in small group health plans for employers with 50 or fewer workers.
  • Cigna Health and Life Insurance Company – 2023 off the exchange rate
    • Company File Type: Small Group
    • On July 1, 2022, Cigna Health and Life Insurance Company filed a request to raise premiums by an average of 19.64 percent for small group policies sold outside of Access Health CT, the state-sponsored health insurance exchange.
  • ConnectiCare Benefits, Inc. – 2023 In exchange rates
    • Company File Type: Individual
    • On July 1, 2022, ConnectiCare Benefits, Inc. (CBI) filed a request to raise rates by an average of 24.1 percent for individual health plans marketed through Access Health CT, the state’s health insurance marketplace.
  • ConnectiCare Benefits, Inc. – 2023 In exchange rates
    • Company File Type: Small Group
    • On July 1, 2022, ConnectiCare Benefits, Inc. (CBI) filed a request to raise rates by an average of 22.9 percent for small group plans marketed through Access Health CT, the state’s health insurance marketplace.
  • ConnectiCare Inc – 2023 off the exchange rate
    • Company File Type: Small Group
    • On July 1, 2022, ConnectiCare, Inc. filed a request to raise premiums by an average of 24.5 percent for small group policies sold outside Access Health CT, the state-sponsored health insurance exchange.
  • ConnectiCare Inc – 2023 off the exchange rate
    • Company File Type: Individual
    • On July 1, 2022, ConnectiCare, Inc. filed a fee filing seeking an average increase of 23.6 percent in individual health plans or ‘SOLO’ products marketed outside of Access Health CT, the state-sponsored health insurance exchange.
  • ConnectiCare Insurance Company, Inc – 2023 off the exchange rate
    • Company File Type: Small Group
    • On July 1, 2022, ConnectiCare Insurance Company, Inc. filed a request to raise premiums by an average of 29.3 percent for small group policies sold outside of Access Health CT, the state-sponsored health insurance exchange.
  • ConnectiCare Insurance Company, Inc – 2023 On and Off Exchange
    • Company File Type: Individual
    • On July 1, 2022, ConnectiCare Insurance Company filed a request to raise rates by an average of 25.2 percent for individual health plans sold through Access Health CT, the state’s health insurance marketplace.
  • Oxford Health Insurance, Incorporated – 2023 Off Exchange Rates
    • Company File Type: Small Group
    • On July 1, 2022, Oxford Health Insurance, Inc., filed a request to raise rates by an average of 13.4 percent for health plans used by employers with 50 or fewer workers.
  • Oxford Health Plans (CT), Inc – 2023 off the exchange rate
    • Company File Type: Small Group
    • On July 1, 2022, Oxford Health Plans (CT), Inc., filed a request to raise rates by an average of 15.7 percent for HMO health plans used by employers with 50 or fewer workers.
  • United Health Care Insurance Company – 2023 off the exchange rate
    • Company File Type: Small Group
    • On July 1, 2022, United Healthcare Insurance Company requested an average rate increase of 13.9 percent for small group plans it markets outside of the state health insurance exchange.

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