average hike

Insurers seek average rate hike of 20% on Access Health CT plans in 2023

Insurers seek average rate hike of 20% on Access Health CT plans in 2023

Insurance companies that sell policies on and off Connecticut’s Affordable Care Act exchange are seeking an average increase of 20.4% on individual health plans next year, alarming advocates who fear people will forgo insurance because they can’t pay.

The rate hike requests were released by the state Insurance Department Friday. On small group plans, the carriers are asking for an average increase of 14.8%.