Bill > HB06137

This bill requires health carriers (insurance companies that provide health coverage) to disclose detailed financial and performance information to consumers through their websites and policy documents. Specifically, the bill mandates that health carriers provide transparency about how they spend premium dollars, including a breakdown of costs for medical treatment, administrative expenses, profits, and other expenses. The carriers must also report their claim denial rates, which will help consumers better understand the value and performance of different health insurance plans. By requiring this comprehensive disclosure, the bill aims to empower consumers with more information when choosing a health carrier, allowing them to make more informed decisions about their health insurance options. The legislation seeks to increase transparency in the health insurance market and provide consumers with clear insights into how their premium payments are being utilized by insurance companies.

Business and Industry

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06137&which_year=2025