The CT Mirror
Insurance companies that sell plans on Connecticut’s exchange, Access Health CT, are seeking premium increases for 2021, pointing to rising medical costs and a higher demand for services.
Anthem Health Plans has asked for a 9.9% average increase in its individual policies, which serve about 22,000 people on and off the exchange.
“The company’s price calculation does account for a 7.7% impact of medical cost inflation and increased demand for those medical services, a factor known as ‘trend,’” Anthem officials wrote in their request. A spokesperson for the company was not immediately available for comment Friday.
Anthem is seeking a 9.5% average increase for its small group policies, which serve 22,500 workers and their dependents on and off the exchange. Employers with 50 or fewer staff members qualify for the plans.