Connecticut’s small employers once again face the prospect of significant health insurance price increases in the year ahead, leaving them in a bind as they fight for talent amid a tight labor market.
The six health insurers serving Connecticut’s small group market last month asked state regulators for an average 14.8% rate increase on plans serving employers with 50 or fewer workers. While the Connecticut Insurance Department may reduce some or all of those rate requests, many employers are still likely to see price increases.