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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.
"Technology is expanding and our competitors are looking at it in different ways," said Murray.
The highest proposed rate increase is a jaw-dropping 52.1 percent.
HealthyCT customers, covered under their current policies until December 31, and will have to enroll in a new plan.
HSAs and HDHPs continue to offer employers and employees a flexible way to manage and reduce health care costs, especially as banks develop more sophisticated and convenient product sets that benefit both business and personal banking customers.
Gov. Andrew Cuomo announced that the Department of Financial Services has cut health insurance rate increases to control the cost of health care.