Health Insurance Rate Filing - ConnectiCare, Inc. (SOLO Individual HMO)
Rate request: 19.37 percent increase
Decision: Under Review
Public Comment Period: November 6, 2013 through November 26, 2013
On October 29, 2013, ConnectiCare, Inc. filed a request to increase rates 19.37 percent on certain SOLO individual HMO insurance policies sold before March 23, 2010 and are considered grandfathered under the federal health care reform law. There are approximately 440 individuals who have these particular plans.
The new rates account for ongoing increases in the cost of medical services and demand for those services, also known as “trend.” ConnectiCare, Inc. is estimating the impact of “trend” at 10.68 percent for medical and 11.30 percent for pharmacy.
Content Last Modified on 11/5/2013 2:55:40 PM