CT SB00194

Requires health insurance rate filings to be submitted to the Insurance Commissioner at least 120 days before the proposed effective date, with filing requirements applying to individual health insurance policies, health care centers, hospital service corporations, and medical service corporations.

Establishes a 45-day review and approval process for rate filings, with the Commissioner determining whether rates are excessive, inadequate, or unfairly discriminatory based on actuarial soundness and specified factors including filer experience, costs, profit margins, and public comments.

Mandates public disclosure and a 30-day public comment period for all rate filings posted on the Insurance Department's website within three business days of submission.

Requires a hearing on rate increases exceeding 10 percent when requested by the Healthcare Advocate or Attorney General, with the hearing held no later than 90 days before the proposed effective date.

Prohibits Medicare supplement insurers from using age, gender, previous claims history, or medical condition as factors in rates or coverage determinations, and requires insurers to notify policyholders of approved rates at least 30 days before implementation.