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

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

Rate Filing Review: Overall average 5.4 percent
Decision: Under Review
Public Comment Period: February 8, 2018 to February 28, 2018

On February 1, 2018, Oxford Health Plans filed a semi-annual request to increase premium rates an average of 5.4 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.”

If approved the new rates would take effect July 1, 2018 for approximately 1,800 policyholders in Connecticut that provide health coverage for about 3,000 employees and their dependents.

Find the filing, brief summary and public comment section here at All Current Rate Filings

Content Last Modified on 2/7/2018 1:13:10 PM