Hearing on Health Insurance Increase Request
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Hartford — An informational public meeting is being held later this month on 10 rate filings from 9 health insurers for 2024 plans both on and off Access Health CT, the state’s federal Affordable Care Act exchange. The public informational meeting will be held in a hybrid format, both in person at the Legislative Office Building, in Hartford, and online at CT-N. The insurers are seeking an average hike of 12.4% on individual health plans next year and 14.8% on small group plans. This is simply unaffordable. Wages haven’t increased 12% in the past year and these requests will further burden Connecticut families. The Insurance Department doesn’t always automatically grant the full request, but any increase in fees places an added strain on residents at a time when Connecticut should be doing what it can to reduce costs for families. Meeting Date: Monday, August 21, 2023 Time: 9:00 AM Requested Rate Increase Details: Proposed increases can be found here. |
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Anyone wishing to speak virtually at the meeting via Zoom can sign up by sending an email to cid.RateFIlings@ct.gov with your name and written comments attached no later than Friday, August 18, 2023, at 5PM. Anyone who wants to speak in person can sign up on the morning of August 21 at the Legislative Office Building beginning at 8:30AM. Written comments are also being accepted. |
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The Insurance Department will review each filing to determine if they are justified and will either approve, reject, or modify the request, with a final ruling likely in early September. Open enrollment for the 2024 coverage year begins November 1, 2023. Carriers have attributed the proposed increases to:
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