Home Tags Connecticut Insurance Department
Tag: Connecticut Insurance Department
Attorney General Tong called the hikes "among the highest in the country."
The rate increases “will be one more strain on Connecticut families and small businesses at a tremendously challenging time," says Attorney General William Tong.
CID Commissioner Andrew Mais will announce his final decision on the proposed rate increases in September.
Aetna, which had requested an 18.9% increase, instead received no increase at all.
Anthem is seeking a 9.9% average increase in its individual policies, and a 9.5% rise in its small group policies. ConnectiCare is asking for an average increase of 5.5% for individuals but a 0.2% decrease in its small group policies.
While it may seem a given that an insurance company should be ready for any and every eventuality, ConnectiCare President Eric Galvin freely admits that COVID-19 has represented a very large exception.
The state’s number of COVID-19-related deaths grew by a dramatic 197 today, bringing the total to 868, though Gov. Ned Lamont said that was due mainly to a large batch of data just received by the Department of Health from the Office of the Medical Examiner.
Although Connecticut added another 45 COVID-19-related deaths since yesterday, bringing its total to 380, Gov. Ned Lamont said the rate of increase in hospitalizations is "not going up -- in fact, it may be going down a little bit," a possible sign that the state's number of coronavirus incidents has peaked.
Allstate and American Family Insurance -- announced plans to return roughly $800 million to their auto insurance customers because of the reduction in driving due to the COVID-19 pandemic.
Gov. Ned Lamont has also signed an executive order further restricting retail operations and requiring firearm transactions to be conducted by appointment only.
The new special enrollment period will run March 19-April 2. Connecticut residents must be lawfully present in the United States, and not incarcerated, to be eligible. The coverage for those who enroll during the special period will start on April 1; enrollment is being done by phone only,
Ted Doolittle, the State’s Healthcare Advocate, accused Aliera and its subsidiary Trinity HealthShare of engaging in “deceptive marketing and unfair claims adjudication practices that include preexisting condition exclusions, lifestyle choices and other reasons that ordinarily would be prohibited" under the Affordable Care Act.
The Connecticut Insurance Department said that as a result of its decisions, consumers are projected to save approximately $54 million.
Anthem and ConnectiCare have proposed rate increases of 15.2% and 4.9%, respectively, for individual health plans.