Posted on August 3, 2022
The Connecticut Insurance Department is considering substantial proposed rate increases for individual and small group (for employers with 50 or fewer workers) insurance markets. The average of the proposed rate increases is 20%. Nine health insurance providers covering approximately 206,000 people have filed for increases. The filings are for both the state-sponsored health insurance exchange, Access Health CT, and off-exchange plans.
According to the Insurance Dept.,
- The proposed average individual rate request is a 20.4 percent increase, compared to 8.6 percent in 2022 and ranges from 8.6 percent to 25.2 percent.
- The proposed average small group rate request is a 14.8 percent increase, compared to 12.9 percent in 2022 and ranges from 3.6 percent to 29.3 percent.
The Insurance Department Announced a Public Hearing on Rate Requests for August 15th
Posted on July 29, 2022
At the conclusion of each legislative session, the non-partisan Office of Legislative Research compiles reports on public acts organized by topics. These reports include various topics such as “Acts Affecting Seniors,” “Acts Affecting Education,” “Acts Affecting Business and Jobs,” and much more.
Follow the link below to access the full range of reports:
Posted on June 23, 2022
The rising cost of diesel increases prices on everyday goods driving inflation even higher. On July 1st, taxes on diesel fuel are scheduled to increase by 23% or 9.1 cents per gallon, bringing the total tax to 49.2 cents, up from 40.1 cents. The tax on diesel includes a flat 29 cent per gallon rate and a variable tax set each year on July 1st that is calculated by multiplying the prior year’s average wholesale price by 8.1%.
In March, House and Senate Republicans initiated the call for tax relief…
