CID: Health Insurance Rate Filing - ConnectiCare Inc. (Large Group)

Health Insurance Rate Filing - ConnectiCare Inc. (Large Group)



Rate Request: Overall average 5.9 percent

Decision: Under Review

Public Comment Period: October 24 to November 13, 2017

On October 16, 2017, ConnectiCare, Inc. filed a request to increase premium rates an average of 5.9 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 9.4 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, 2018 for plans that cover about 30,400 employees and their dependents in Connecticut.



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


Content Last Modified on 10/24/2017 11:56:43 AM