People will have the opportunity to consider the request of the insurance companies to increase the cost of private health plans next year by about 20.4%.
The trial will have a hybrid format, with some people testifying in person while others testify. Insurance company representatives will have time to explain their expensive requests, and insurance department officials will ask questions.
Anyone who wants to testify can write by sending an email to [email protected] and their name is written in the afternoon
Those who want to testify in person can write on
In addition to the large increase in personal opinion, insurers that sell policies and turn off
The requested increase is more than what was requested last year for health plans in 2022. Carriers in 2021 requested an average increase of 8.6% for individual plans and 12.9% for small group plans.
The proposal has drawn criticism from health advocates, who fear more people will drop out of care because they can’t afford it.
“Our biggest concern right now is that, combined with inflation and the fallout from COVID, this is adding to the problem. Our concern is that people will look at this and choose not to get health care, because they can’t afford it. .”
“My jaw hit the floor, obviously,” he added
So far, the insurance department has not accepted the request, instead opting for the hearing process it has been pursuing in recent years.
Three insurers are selling policies on the exchange:
The company also sought an average increase of 3.6% on the recommendation of a small group of 19,271. The proposed changes range from a decrease of 1.2% to 26.3%.
CTCare Benefits requested an average increase of 24.1% for private plans covering 75,003 people. The proposed changes range from 18.7% to 33.2%, depending on the policy.
It also sought an average increase of 22.9% for small group plans covering 3,476 residents (an increase from 20% to 28.9%).
The insurance department will make this decision as to how much – if any – to add to the various health plans.
Open enrollment for the 2023 health policy begins