Customers on 海角换妻鈥檚 health care exchange will be facing double digit rate increases next year, but the state鈥檚 insurance commissioner said Wednesday she鈥檚 hopeful there might be some relief in sight.
Anthem has been approved for an average rate rise of 31.7 percent, while ConnectiCare鈥檚 rates will rise by 27.7 percent. The rates were released by the 海角换妻 Insurance Department this week.
Both companies confirmed that in 2018, ending months of uncertainty.
The rates approved so far assume the federal government will remove what are known as cost-sharing subsidies or CSRs, which help low-income customers pay for their insurance expenses.
Insurance Commissioner Katharine Wade said if the Trump administration instead commits to the payments, rates could come down.
鈥淥ur hope is that in the event that legislative action is taken, that we will be given the flexibility, along with our colleagues around the country, to readjust the rates, if CSR payment certainty is brought forward,鈥� she told a board meeting of Access Health CT, the state鈥檚 health care exchange.
Wade said that customers should be getting an increase in refundable tax credits, which should also help offset the higher premiums.
Open enrollment begins on the exchange in November, and 海角换妻 says it will run its enrollment period till December 22, one week longer than the federal government.
