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

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

Rate Filing Review: 3.3 percent increase
Decision: Under Review
Public Comment Period: October 10 to October 30, 2018

On October 4, 2018, ConnectiCare, Inc. filed a request to increase premium rates an average of 3.3 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 10.1 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, 2019 for plans that cover about 29,000 employees and their dependents in Connecticut.

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

Content Last Modified on 10/11/2018 11:24:14 AM