New Connecticut Policy on Rate Hike Proposals

He said that in addition to the Department’s postings,”this letter is another important outreach resource that we can use to help educate policyholders about insurance rate procedures in Connecticut.”

Leonardi also expressed his appreciation for the cooperation that he recieved so far from health insurers and HMOs.

The agreement drew praise from advocates, the industry and key state lawmakers, including Victoria Veltri, the state healthcare advocate.

“I appreciate the Commissioner’s efforts to secure this agreement with insurers, in lieu of legislation,” she said.

“OHA has advocated for years for meaningful, advanced notice to consumers of proposed rate increases to allow consumers the option to shop for a new plan, prepare for a rate increase and/or provide comment to the Insurance Department on the insurer’s justification for the rate increase,” Veltri said.