CID: Health Insurance Rate Filing – ConnectiCare, Inc. (Small Group HMO)

Health Insurance Rate Filing – ConnectiCare, Inc. (Small Group HMO)


 
Rate request: 1.4 percent average decrease for 1st Quarter of 2015
 
Decision: Under Review

Public Comment Period: September 10 through September 30, 2014  
 
On August 25, 2014, ConnectiCare, Inc. filed a request to decrease its overall rates an average of 1.4 percent on certain small group HMO policies marketed outside Access Health CT, the state-sponsored health insurance exchange.

These policies, which cover approximately 10 workers and their dependents, provide health care coverage for businesses with 50 workers or fewer.

The company said the rate request does take into account the impact of “trend,” which reflects medical cost inflation and the demand for medical services. Company projected the impact of trend at approximately 10.5 percent and said while base rates are projected to increase 10.9 percent, other modifications will result in an overall average decrease of 1.4 percent.

If approved, the new rates would take effect January 1, 2015. 
 
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Find the filing, brief summary and public comment section here at Health Insurance Rate Filings
 


Content Last Modified on 9/9/2014 1:36:53 PM