CT News Junkie: Insurance Regulators Reduce Proposed Health Insurance Rates
Connecticut’s Insurance Department knocked down the average health insurance rate increase insurance companies wanted for customers purchasing plans in the individual and small group market in 2021.
Proposed price increases for plans in the individual market were decreased from 6.29% to 0.01% and small group plans went from an average increase of 11.28% to 4.1%. The total amount of money 214,600 Connecticut consumers will save as a result is $96 million, according to Insurance Commissioner Andrew Mais.
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Cover photo provided by CT News Junkie.