Connecticut health insurers have asked the state’s insurance regulator to approve increases in small-group and individual rates for 2017.
Insurers filed their annual rate requests with the Connecticut Insurance Department (CID) late last week. CID announced the filings, which apply to both off-exchange and on-exchange products, Monday morning.
For small-group products, which are for employers with 50 or fewer workers, the average requested increase for plans sold through Access Health CT ranged from 5.1 percent to 11.6 percent. Those plans, offered by Anthem and Healthy CT, apply to 54,706 covered lives.
Meanwhile, for small-group plans not sold on the exchange, the average increases ranged from 2.1 percent to 28.2 percent. Those plans have 111,102 covered lives.
On average, rate requests for individual plans were also all up compared to this year’s rates (click link below to view CID’s 2017 rate request chart).
Last year, CID lowered nearly all requested rates, some beneath their current levels at the time.
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