CT SB01253

Insurance Commissioner may reduce health carrier premium rate requests by up to 2 percentage points if the carrier's approved average premium rate increase exceeded the state health care cost growth benchmark for each of the two preceding plan years

Applies to both individual health insurance rates (section 38a-481) and small employer group health insurance policies (section 38a-513)

The 2 percentage point reduction authority is in addition to any other rate reductions already authorized under existing insurance law

Effective date: January 1, 2026