Bill > SB00818

This bill proposes amendments to Title 38a of the general statutes requiring the Insurance Commissioner to take two key actions regarding health insurance premium rate filings. First, the Commissioner must now consider affordability as a factor when reviewing individual and group health insurance policy premium rating filings, which means evaluating whether proposed premium rates would be financially feasible for consumers. Second, the bill mandates that for any health insurance policy premium rate increase request that exceeds the rate of inflation (as measured by the Consumer Price Index for All Urban Consumers, or CPI-U), the Commissioner must hold a public hearing in accordance with the Uniform Administrative Procedures Act. This hearing would provide transparency and allow stakeholders and consumers to provide input on significant proposed premium increases. The bill aims to provide greater consumer protection by introducing affordability considerations and increasing public involvement in health insurance rate-setting processes.

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https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00818&which_year=2025