Connecticut businesses will pay less for workers’ compensation insurance next year, with the state again reducing premiums paid by private employers, which regulators say reflects an ongoing decline in claims.Â
The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% in voluntary market loss costs and a decrease of 10.5% in assigned risk plan rates.Â
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The cost of health insurance plans offered through Connecticut’s Affordable Care Act Exchange will increase next year by nearly double digits, state insurance regulators said. Â
The Connecticut Insurance Department has approved a 9.4% proposed rate increase for health insurers for plans available on and off Access Health CT, the state’s health insurance exchange.
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The cost of health insurance plans offered through Connecticut’s Affordable Care Act Exchange could increase next year with private insurers seeking double digit rate increases.
The Connecticut Insurance Department said it has received 10 proposed rate increase filings from health insurers for plans that will be available on and off Access Health CT, the state’s health insurance exchange.
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