Public Hearing on Tuesday, August 31st
Connecticut Insurance Department
The Connecticut Insurance Department has announced proposed health insurance rate hikes for 2022 filed by Aetna, Anthem Health Plans, ConnectiCare Benefits Inc., Cigna Health and Life, Harvard Pilgrim and United Healthcare/Oxford for the 2022 plan year.
The rate increases range from 5.1 percent to 12.3 percent in the individual market and from 7.4 percent to 15.8 percent in the small group market. Any changes would apply to individual and small group health plans on and off the state’s Affordable Care Act exchange, Access Health CT. Those plans currently cover about 222,700 people.
This is the second time the state Insurance Department has had to review and rule on insurance rate filings during the ongoing pandemic.
Public Hearing:
Meeting Date: Tuesday, August 31, 2021
Time: 9:00 AM – 12:00 PM
Viewing: The Department’s YouTube Channel will live stream the informational meeting being held at the Department’s offices.
In-Person:
Insurance Department
153 Market Street, 7th Floor
Hartford
Parking is available at the Morgan Street Garage.
The wearing of a mask is required to enter the office space and attend the meeting.
The public will have an opportunity to submit questions and/or provide comments specific to the rate filings. Anyone wishing to testify can sign up by sending an email to:
Include your name and testimony attached no later than 4:00 pm on Friday, August 27, 2021.
Testimony is limited to 3 minutes per person. Due to the number of filings and amount of material to be covered at the meeting, the Department may not get to every question from the public.
Insurance Information:Â On Exchange
Individual
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| COMPANY | AVERAGE REQUEST | RANGE | APPROVED AVG. | APPROVED AVG. RANGE | COVERED LIVES |
| Anthem Health Plans* | 12.3% | 6.1 to 22.6% | Under Review | Under Review | 28,071 |
| CTCare Benefits Inc. | 7.4% | 1.1 to 16.8% | Under Review | Under Review | 81,852 |
| ConnectiCare Insurance Company, Inc. | N/A** |
*Anthem participates both on and off exchange. Rates are the same for both.
**ConnectiCare Insurance Company, Inc. begins participation on the exchange effective 1/1/2022
Small Group
For employers with 50 or fewer workers
Â
| COMPANY | AVERAGE REQUEST | RANGE | APPROVED AVG. | APPROVED AVG. RANGE | COVERED LIVES |
| Anthem Health Plans* | 11.5% | 4.5 to 23.5% | Under Review | Under Review | 25,529 |
| CTCare Benefits Inc. | 13.6% | 7.6 to 18.5% | Under Review | Under Review | 1,786 |
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*Anthem participates both on and off exchange. Rates are same for both.
OFF EXCHANGE PLANS
Individual
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| COMPANY | AVERAGE REQUEST | RANGE | APPROVED AVG. | APPROVED AVG. RANGE | COVERED LIVES |
| CTCare Inc. | 10.9% | 8.8 to 18.7% | Under Review | Under Review | 3,053 |
| CTCare Insurance Co. | 5.1% | 2.8 to 6.5% | Under Review | Under Review | 3,096 |
Small Group
For employers with 50 or fewer workers
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| COMPANY | AVERAGE REQUEST | RANGE | APPROVED AVG. | APPROVED AVG. RANGE | COVERED LIVES |
| Aetna Life Insurance Company | 14.1% | 14.1% | Under Review | Under Review | 149 |
| Cigna Health and Life Insurance Company | N/A*** | ||||
| CTCare Inc. | 11.6% | 8.0 to 14.9% | Under Review | Under Review | 295 |
| CTCare Insurance Co. | 7.4% | 4.8 to 10.5% | Under Review | Under Review | 17,904 |
| Harvard Pilgrim Health Care Inc. | 14.5% | 13.4 to 15.5% | Under Review | Under Review | 4,413 |
| HPHC Insurance Company, Inc. | 13.1% | 12.0 to 14.1% | Under Review | Under Review | 4,458 |
| Oxford Health Plans (CT), Inc. | 15.6% | 12.7 to 23.6% | Under Review | Under Review | 3,393 |
| Oxford Health Insurance, Inc. | 15.8% | 9.4 to 22.2% | Under Review | Under Review | 47,025 |
| UnitedHealthcare Insurance Co. | 14.3% | 11.2 to 19.7% | Under Review | Under Review | 1,706 |
***Cigna entered the small group market effective 7/1/2021
