The Connecticut Insurance Department (CID) has lowered the average rate hike that Wallingford insurer Anthem requested for its large group health plans.
Anthem Health Plans had asked to increase rates on its large group health insurance policies for employers with 51 or more workers by an average of 16.4 percent. The Insurance Department lowered the request to 14.6 percent, regulatory filings shows.
The increase is for plans marketed for policies issued or renewed beginning Jan. 1.
CID also approved an average 13 percent increase for Aetna Health Inc. on its large group health insurance policies, down from Aetna’s requested 18 percent average hike. There are about 480 covered lives under this block of business, CID said, noting the new rates take effect for policies issued or renewed starting Jan. 1.
Oxford Health Plans, which asked for an average 17 percent increase next year on some large group health insurance plans for employers, was limited to an average 12.5 percent increase. The new rates take effect Jan. 1 for about 1,200 policyholders that provide health coverage for about 1,800 employees and their dependents in Connecticut.
Last week, ConnectiCare Inc. requested an average 5.9 percent increase in 2018 premiums on some large group health insurance plans, but the request remains under review by CID. Public comment will be taken until Nov. 13. If approved, the new rates would take effect Jan. 1 for plans that cover about 30,400 employees and their dependents in the state.
