By Keith M.Phaneuf and Arielle Levin Becker
Most Connecticut health insurance plans sold through individual and small group markets will undergo steep rate hikes next year, although in some cases, the prices will not go up by as much as carriers had sought.
The state Insurance Department approved 13 health policy rate hikes today that far outstripped increases in recent years, averaging nearly 25 percent for individuals and 13 percent for small groups.
The department also rejected three requests for major rate hikes — two from Anthem Health Plans and one from ConnectiCare Insurance Co. — directing the carriers to recalculate final rates.
Nearly all of the rates for other plans will increase by double-digit percentages, including hikes ranging from 15 to 24 percent for ConnectiCare policies sold through Access Health CT, the state’s health insurance exchange. Those policies alone currently cover 47,597 people.
