HB 5377 Summary

• Requires the Connecticut Health Insurance Exchange to hold public meetings and receive public comment before charging, increasing, or changing the calculation method for assessments or user fees to health carriers, effective October 1, 2024

• Mandates prior legislative approval from the joint standing committee on insurance for any proposed assessments, fee increases, calculation method changes, or nondisclosure/severance agreements entered into on or after October 1, 2024; committee has 60 days to approve or proposals are deemed rejected

• Expands the exchange's authority to implement and change methods of calculating assessments and fees, and generate funding to support exchange operations and the all-payer claims database program under section 19a-755a

• Reserves certain powers exclusively to the exchange that cannot be exercised by its subsidiaries, including authority over assessments, fees, grievance procedures, grant awards, and borrowing

• Grants the insurance commissioner authority to enforce exchange assessment and fee provisions, with health carriers able to appeal commissioner actions in the New Britain judicial district