Filed Under:Your Practice, Regulatory

ConnectiCare denied premium decrease

The skyline and the Connecticut River are seen in Hartford, Conn., where the offices of the Connecticut Insurance Department are located. AP Photo/Bob Child)
The skyline and the Connecticut River are seen in Hartford, Conn., where the offices of the Connecticut Insurance Department are located. AP Photo/Bob Child)

The Connecticut Insurance Department denied a request by ConnectiCare Insurance Company, Inc. to decrease rates an average 0.91 percent starting October 2012 on policies sold from Oct. 1, 2009 through March 1, 2010 and April 1, 2010 through Dec. 1, 2011.

Requesting a decrease in rates is not the kind of rate request insurers usually make. Connecticut turned down Mutual of Omaha’s 18.7 percent LTCI rate increase proposal just last month. From Sept. 1, 2011 through March 10, 2012, there were 186 double-digit rate increase announcements, according to a HealthCare.gov report.

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Nichole Morford

Nichole Morford
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