By Arielle Levin Becker
Premiums for the 55,000 people who buy Anthem Blue Cross and Blue Shield health plans through the state’s individual market will rise by an average of 2.4 percent next year, while ConnectiCare Insurance Company’s 34,400 customers will see an average rate hike of 8.5 percent.
Both companies sought higher increases, but the Connecticut Insurance Department deemed their proposed rates excessive and required the companies to revise their proposals.
Similarly, Golden Rule, which covers 3,414 people, sought an 18.5 percent rate hike but, after revising it based on the regulator’s findings, will instead raise rates by 1.1 percent.
The requests by Anthem, ConnectiCare and Golden Rule were subject to a July public hearing.
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