The Connecticut Department of Insurance will hold a public meeting Monday on health insurance rate proposals.
The department will meet regarding health insurance applications filed by CIGNA Health & Life, CTCare Inc., CTCare Benefits Inc., and ConnectiCare Insurance Company, Inc. for 2023 plans on and off Access Health CT, the federal law on affordable state care. swap.
YoYou can read more about online proposals here.
The meeting will take place at 9:00 a.m. in Room 1D of the Legislative Assembly Office Building at 300 Capitol Avenue in Hartford.
It will be held in person and will be streamed online on CTN.
Anyone wishing to speak in person can register on the morning of August 15 at the Legislative Office building beginning at 8:30 a.m.
The hearing will be limited to three minutes per person. The online public comment period began on July 8 when the filings were posted for public review and this period will be open until the decision is made by the Department.
The Department of Insurance is also seeking public comment on health insurance rate proposals filed by Aetna, Anthem Health Plans and United Healthcare/Oxford for the 2023 plan year.
In July, the state Insurance Department said it received rate proposals from nine health insurers for the individual and small group market and said they were, on average, higher than last year. .
The proposed average individual tariff request is an increase of 20.4%, compared to 8.6% in 2022 and varies from 8.6% to 25.2%, depending on the department.
While the proposed average rate demand for small groups is an increase of 14.8%, compared to 12.9% in 2022 and ranges from 3.6% to 29.3%.
Attorney General William Tong said last month he had requested a full public hearing before the state Insurance Department to consider the proposals.
“Health care costs and insurance premiums are already unaffordable for many Connecticut families, businesses and individuals, and these double-digit rate hikes demand careful consideration. The Department of Insurance previously agreed to hold public hearings on any rate increases above 10%, and that transparency is certainly needed now. We simply cannot allow insurers to assert costs and claims without our own independent analysis and review,” Tong said in a statement.
You can read more about the 2023 health insurance tariff proposals online here.
