CT SB01023

Requires health insurance carriers to file actuarial memoranda including pricing assumptions, claims experience, premium rates, and loss ratios with the Insurance Commissioner for approval before issuing policies or adjusting rates.

Establishes guaranteed issue and renewal requirements for individual and small employer group health insurance plans, with limited exceptions for nonpayment, fraud, or misrepresentation.

Implements age-based and geographic rating restrictions for individual and small employer health insurance, with separate rating rules for grandfathered and nongrandfathered plans under the Affordable Care Act.

Eliminates preexisting condition exclusions for all individuals in health insurance plans and removes restrictions on coverage based on Medicare eligibility, unless the individual enrolls in Medicare.

Repeals provisions creating special health care plans and the Connecticut Small Employer Health Reinsurance Pool, consolidating health insurance regulation under the Health Reinsurance Association and standard insurance requirements.