Regulators deny insurers the ability to raise rates on 2015 policies The Connecticut Insurance Department has denied rate increase proposals from two insurance companies that had sought approval to raise premiums by at least 12% in 2015. One of the companies seeking an increase in premiums was Anthem Blue Cross, which had wanted approval to increase its rates by an average of 12.5%. State regulators have deemed this request “excessive” and denied the proposal, requiring the insurer to submit a new rate proposal for policies it plans to sell in…
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Regulators announce health insurance rates for Connecticut exchange
Health insurance rates announced for plans sold through exchange The Connecticut Insurance Department has announced the approval for individual and small group health insurance rates for plans that will be sold through the state’s insurance exchange program. The state is set to manage its own health insurance exchange, opting to do so in order to ensure that the exchange provides the best service to consumers it possibly can. The state’s exchange, called Access Health CT, will begin open enrollment in October of this year before the policies sold through the…
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