The Connecticut Insurance Department has posted the initial proposed health insurance rate filings for the 2025 individual and small group markets. There are 8 filings made by 7 health insurers for plans that currently cover approximately 200,000 people (142,000 individual and 58,000 small group).
Anthem has filed rates for both individual and small group plans that will be marketed through Access Health CT, the state-sponsored health insurance exchange. ConnectiCare Benefits Inc. (CBI) and ConnectiCare Insurance Company, Inc. have filed rates for the individual market on the exchange.
Aetna Life Insurance Company and Cigna Health and Life Insurance Company have decided to leave the CT Small Employer market and will no longer offer new business small group health plans. They will only renew existing plans through the end of their appropriate plan years.
The 2025 rate proposals for the individual and small group market are on average lower than last year:
- The proposed average individual rate request is an 8.3 percent increase, compared to 12.4 percent in 2024, and ranges from 7.4 percent to 12.5 percent.
- The proposed average small group rate request is an 11.9 percent increase, compared to 14.8 percent in 2024, and ranges from 5.1 percent to 13.6 percent.
In general, carriers have attributed the proposed increases to:
- Trend: Trend is a factor that accounts for rising health care costs, including the cost of prescription drugs and the increased demand for medical services.
- Experience: Experience adjustment necessary to reflect deteriorating experience from the prior rating period to the current rating period.
- Medicaid Unwinding: The impact to the current commercial market due to Medicaid unwinding.
- COVID-19: Adjustment needed to reflect COVID-19 expenses in 2025 at a higher level than previously assumed.
The Insurance Department will conduct actuarial reviews on each filing to determine if they are justified and will either approve, reject or modify the request. The minimum 30-day public comment period on all filings begins today (June 7) and comments can be filed online through the link that accompanies every filing or can be delivered to the Connecticut Insurance Department at P.O. 816, Hartford, CT 06142-0816.
The Department expects to make final rulings on the proposals in early September. Open enrollment for the 2025 coverage year begins November 1, 2024.
Click "Select" to view and COMMENT on the individual filing, which includes the initial filing and an executive summary. (The public comment period of at least 30 days begins June 7, 2024.)
Total of 8 filings requested
ConnectiCare Insurance Company, Inc - 2025 Rates
Tax ID:
06-1618303
Company Filing Type:
Individual
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024, ConnectiCare Insurance Company filed a request to raise rates an average of 12.5 percent for individual health plans both on and off the Exchange.
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ConnectiCare Inc - 2025 Rates
Tax ID:
06-1537522
Company Filing Type:
Individual
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024, ConnectiCare, Inc. submitted a rate filing requesting an average increase of 9.1 percent on individual health plans marketed outside of Access Health CT, the state sponsored health insurance exchange.
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Anthem Health Plans, Inc - 2025 Rates
Tax ID:
06-1475928
Company Filing Type:
Small Group
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024 Anthem Health Plans, Inc. filed a rate request for an average increase of 13.6 percent on small group health plans for employers with 50 or fewer workers.
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Anthem Health Plans, Inc - 2025 Rates
Tax ID:
06-1475928
Company Filing Type:
Individual
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024, Anthem Health Plans, Inc. filed a rate request for an average 9.0 percent increase on individual health plans marketed on and off the state's health insurance exchange.
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Oxford Health Plans (CT), Inc - 2025 Rates
Tax ID:
06-1181201
Company Filing Type:
Small Group
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024 Oxford Health Plans (CT), Inc., filed a request to raise rates an average of 5.1 percent for HMO health plans used by employers with 50 or fewer workers off the state's health insurance exchange.
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UnitedHealthcare Insurance Company - 2025 Rates
Tax ID:
36-2739571
Company Filing Type:
Small Group
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024, UnitedHealthcare Insurance Company requested an average rate increase of 9.0 percent for small group plans it is marketing outside of the state health insurance exchange.
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Oxford Health Insurance, Incorporated - 2025 Rates
Tax ID:
22-2797560
Company Filing Type:
Small Group
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024 Oxford Health Insurance, Inc., filed a request to raise rates an average of 8.9 percent for health plans used by employers with 50 or fewer workers off the state's health insurance exchange.
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ConnectiCare Benefits, Inc. - 2025 Rates
Tax ID:
46-1559752
Company Filing Type:
Individual
Date Opended:
05/31/2024
Date Closed:
On June 1, 2024, ConnectiCare Benefits, Inc. (CBI) filed a request to raise rates an average of 7.4 percent for individual health plans marketed through Access Health CT, the state's health insurance marketplace.
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