Connecticut’s Department of Insurance is reviewing rate increase requests filed by 14 health insurance companies that range on average from 2.1 percent to 32 percent.
The private plans, offered on and off the state’s health insurance exchange, provide coverage to more than 330,000 state residents.
Public comment on the proposed increases began Monday.
Connecticut Insurance Commissioner Katherine Wade has called for public hearings in August on three requests for individual plans offered by some of the state’s largest health insurers, Anthem Health Plans, ConnectiCare Insurance Co. and Aetna Insurance Co.
Those hearings will be held in Hartford.
The Department of Insurance says the proposed increases are being driven by several factors, including rising health care costs, such as increases in pharmacy costs and a greater demand for medical services.
Topics Carriers Pricing Trends Connecticut
Was this article valuable?
Here are more articles you may enjoy.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
