CID: Health Insurance Rate Filings for 2018

{Connecticut Insurance Department}
STATE OF CONNECTICUT
Insurance Department

Statement from Insurance Commissioner Katharine L. Wade
On Health Insurance Rate Filings for 2018


“The Connecticut Insurance Department has posted the initial proposed health insurance rate filings for the 2018 individual and small group markets. The proposed average individual rate requests range from 15.2 percent to 33.80 percent and average small group rate requests range from 3.6 percent to 31.6 percent.

The carriers have until May 15 to make adjustments. As I have done the past two years, I will again call for public hearings. Those hearings will be formally announced and will be held on June 14.

In the 2018 rates we are seeing claims experience that reflects increased medical and prescription drug costs along with higher utilization as well as uncertainty in the marketplace. I will continue to work across the Administration and with our Congressional delegation to advocate for market stability for 2018 and beyond to protect Connecticut consumers.”





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Content Last Modified on 5/8/2017 12:47:37 PM