Insurance Commissioner Issues Decisions For 2021 Health Insurance Rates
Insurance Commissioner Andrew N. Mais announced the Department has made final decisions on health insurance rate filings for the 2021 coverage year. Rates for individual plans were held essentially flat, with an average increase of 0.01%, down from the average requested increase of 6.29%. The average increase approved for small group plans is 4.1%, down from the requested average increase of more than 11.28%. As a result of these decisions, approximately 214,600 Connecticut consumers are projected to save $96 million. “Working on behalf of consumers, the Department was able to reduce the health insurance rate increase requests thanks to the hard work of our actuaries and professional staff,” Commissioner Mais said. “I will continue to work collaboratively with all stakeholders…