CID: New Releases (07/20/2018) - Statement from Insurance Commissioner On Health Insurance Rate Filings for 2019

{Connecticut Insurance Department}
STATE OF CONNECTICUT
Insurance Department
 
Katharine L. Wade
Commissioner
 
 
FOR IMMEDIATE RELEASE
 CONTACT: 
Donna Tommelleo
 
860-297-3958
July 20th, 2018


Statement from Insurance Commissioner Katharine L. Wade
On Health Insurance Rate Filings for 2019

 “The Connecticut Insurance Department has received 14 rate filings from 10 health insurers for plans that will be marketed in the individual and small group market, both on and off the state-sponsored exchange, Access Health CT. On average, the proposed increases are lower than last year, but rising medical costs continue to be the key drivers of health insurance premium rate increase requests.

“Of concern, however, is the ongoing uncertainty in Washington that threatens to destabilize the health insurance markets, particularly for individuals. The Department is pressing for clarity and guidance from the federal government so that we can finalize the rates for 2019.”


 
###
 
About the Connecticut Insurance Department: The mission of the Connecticut Insurance Department is to protect consumers through regulation of the industry, outreach, education and advocacy. The Department recovers an average of $4 million yearly on behalf of consumers and regulates the industry by ensuring carriers adhere to state insurance laws and regulations and are financially solvent to pay claims. The Department’s annual budget is funded through assessments from the insurance industry. Each year, the Department returns an average of $100 million a year to the state General Fund in license fees, premium taxes, fines and other revenue sources to support various state programs, including childhood immunization.
 
 
For help with all your insurance issues:
  • Email us at insurance@ct.gov
  • Ask a question or file a complaint online
  • Call the Consumer Helpline at 800-203-3447 or 860-297-3900.
  • Sign up for e-alerts to get the latest news, warnings and rate changes that may affect your premium
  • Download consumer FAQs on health, homeowner and auto coverage
  • Use the Department’s Speakers Bureau for public events.
  • Visit our Web site and follow the Department on Facebook, Twitter or YouTube
 


Content Last Modified on 7/23/2018 11:16:38 AM