The public can comment on Connecticut insurers’ proposed individual health plan cost increases, which average 20.4%, at the Hartford meeting.
The steep rate increase requests stunned advocates, who fear people will not be able to afford health insurance if they are approved.
The proposed average rate increase for individual health plans next year is 8.6%, compared to 6.3% in 2021.
State officials kept rates for policies on Connecticut’s health insurance exchange essentially flat next year, despite carriers seeking larger increases.
The companies pointed to rising medical costs and a higher demand for services.
Most health insurers in Connecticut say they will fully cover testing and other services related to coronavirus.
State officials approved smaller rate hikes than those sought for policies on Connecticut’s health insurance exchange.
Anthem is asking for an 15.2 percent average rate hike on individual policies and ConnectiCare wants to increase premiums by an average of 4.9 percent.
New polling from Gallup shows that the percentage of uninsured Americans inched up last year, but there’s no evidence yet that Connecticut is following that national trend.
The deadline for signing up for insurance on Connecticut’s Affordable Care Act’s marketplace is midnight Saturday, and enrollment in Obamacare in the state is matching last year’s pace.
The Trump administration wants insurers that offer plans through Access Health CT, Connecticut’s Affordable Care Act exchange, and other exchanges nationwide, to send people separate monthly bills for the cost of their abortion coverage — in addition to the bill they get for their regular premium costs.
The sixth open enrollment period for the Affordable Care Act begins Thursday, as the future of the health care law, and its protections for pre-existing conditions, has emerged as a top concern for voters across the nation in the midterm elections.
A long-time director at Access Health CT was named the new chief executive officer of the state’s health insurance exchange. The exchange’s board of directors voted to appoint James Michel as the permanent CEO at its Thursday meeting.
The Connecticut Insurance Department announced Thursday that premiums for individual and small group plans can rise only about 3 percent on average in 2019, lower than the increases approved in recent years.
WASHINGTON – When the Affordable Care Act open enrollment period for health insurance begins on Wednesday, many individuals who buy their own policies will suffer sticker shock because of a sharp increase in premiums. But the state’s large and small businesses are girding for higher premiums to cover their workers in 2018 too. And they and their employees will face tough choices.