Vermont Health Connect marketplace plans for individuals and small groups will still be allowed to increase an average of at least 11.4% and as much as 14%, depending on the insurer and type of plan.
By: Kristen Fountain
The two insurance companies that offer health care plans through Vermont Health Connect to individuals and small employers will be able to increase premiums by double digits in 2024.
However, regulators significantly cut back the rates that insurers had requested, based largely on the expectation of regulatory cuts in 2024 hospital budgets, for which hearings begin this week.