CID: Health Insurance Rate Filing - Oxford Health Plans (Large Group)

Health Insurance Rate Filing - Oxford Health Plans (Large Group)

Rate Request: Overall average 9.1 percent

Decision: Under Review

Public Comment Period: September 29 to October 18, 2016

On September 16, 2016, Oxford Health Plans filed a request to increase premium rates an average of 9.1 percent next year on some large group health insurance plans. These are medical policies for employers with 51 or more workers.

The company states the increase is necessary to account for a 9 percent impact from the increasing cost of medical services and a greater demand for those services, a factor known as “trend.” The company also is making adjustments for fees associated with the federal Affordable Care Act.

If approved the new rates would take effect January 1, 2017 for approximately 940 policyholders in Connecticut that provide health coverage for about 1,800 employees and their dependents.


Find the filing, brief summary and public comment section here at Health Insurance Rate Filings

Content Last Modified on 9/28/2016 1:28:53 PM