Health Insurance Rate Filing - Oxford Health Plans (Large Group)
Rate request – 1.7 percent increase
Decision – Under Review
Public Comment Period: May 4, 2013 to May 24, 2013
On April 30, 2013, Oxford Health Plans filed a request to raise premium rates an average of 1.7 percent for large employer group medical policies for employers with 51 or more workers.
The company said it is seeking the change to account for demographic rate changes and the impact of new taxes and fees mandated by the federal health care reform law.
If approved the new rates would take effect August 1, 2013 for 2,240 policies in Connecticut that provide health coverage for about 5,000 employees and their dependents.
Content Last Modified on 5/3/2013 2:01:18 PM