August 22, 2018

Anthem, ConnectiCare face 2019 rate hearing

HBJ File Photo
HBJ File Photo

For the fourth year in a row, health insurers Anthem and ConnectiCare will be asked to explain in a public forum the reasons for their requested premium increases.

The Connecticut Insurance Department announced the subjects of the Sept. 5 hearing on Wednesday. It will be held at 10 a.m. in CID's offices at 153 Market St. in Hartford.

The hearing will focus specifically on Anthem's and ConnectiCare Benefits' rate requests for individual health policies sold through the state's Affordable Care Act exchange, Access Health CT, which cover more than 100,000 people.

In July, Anthem filed its request for a 9.1 percent average rate hike for those plans next year, while ConnectiCare is asking for a 13 percent average rate increase.

CID is weighing a total of 14 rate requests for next year, with final rulings expected next month.

The public can comment on each of the requests online.

Following hearings last year on the two insurers' individual exchange rate requests, CID approved average increases of 31.7 percent for Anthem and 27.7 percent for ConnectiCare.

While the hearings have tended to draw commenters who are upset about the affordability of health insurance, CID has said it can only adjust or reject rate requests that are found to be excessive, inadequate or unfairly discriminatory.

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