insurance
Access Health CT rates up sharply, CID review and competition helped
Today’s CT Health Insurance Exchange/Access Health CT board meeting included a report from Wakely actuaries hired by the exchange to review rate proposals from health plans applying to offer coverage in the exchange. According to Wakely, plans have filed numerous revisions lowering their rate proposals, largely in response to each other and questions from the…
Read MoreConnectiCare withdraws SHOP exchange proposal
ConnectiCare has notified Access Health CT, our state’s health insurance exchange, that they are withdrawing their proposal to participate in the SHOP exchange. This leaves only three insurers in the small business portion of the exchange – Anthem, United and HealthyCT. ConnectiCare still intends to participate in Access Health CT’s individual exchange along with…
Read MoreHealthyCT lowers rates in insurance exchange
Healthy CT, the new co-op insurer created with federal support under the ACA, has revised their proposed premiums for the CT Health Insurance Exchange, Access Health CT. The new rates, much lower than their competitors, will average $271 per month for individuals and $408 for small businesses. Those individual rates will vary between $111…
Read MoreHealth Insurance Exchange Board meeting update
Today’s Access Health CT Board meeting was largely uneventful; despite that, the room was packed. The highly anticipated report from Wakely’s actuaries on their meetings with the plans to give premium proposals a “second look” was not ready. This is in lieu of negotiating premiums – a bill directing the exchange to do that…
Read MoreMedicaid Council update
Today’s Medicaid Council focused on the SIM planning process working to reform CT’s health system across payers. The project is planning a large public input solicitation over the next few months through the Health Care Cabinet. The project is working to engage consumers and develop a person-centered lens for policymaking. We’ll have more on…
Read MoreBill directing exchange to negotiate premiums died on House calendar
SB-596, a bill that would have implemented active purchasing in Connecticut’s health insurance exchange, died yesterday without action by the House on the last day of the session. The bill passed the Senate last week. The bill directed exchange staff to negotiate premiums with insurers. Negotiations in California and Massachusetts’s exchanges have kept costs…
Read MoreAnthem proposed rates for inside and outside exchange filed
Yesterday, Anthem’s proposed 2014 rates were posted on the insurance department’s website. Proposed base rates (costs for an average 21 year old in an average plan before adjustment for age, geography and benefit plan) average $296.49 and $440.30 per month for individualsand small businesses respectively. Rates reflect an 8.6% increase over 2013. These averages…
Read MoreAetna exchange premiums lower than competitors; all higher than CA rates
Wednesday, Aetna submitted proposed rates for Access Health CT, the state health insurance exchange. Averaging $364 per month for individual coverage. By tier premiums average $177 for Catastrophic coverage, $356 for Bronze, $487 for Silver and $477 for Gold. (Yeah, I don’t get that either). Aetna follows HealthyCT and ConnectiCare proposals averaging $427 and $397…
Read MoreOther state exchange premiums better than expected, Connecticut needs to act
Premiums for next year in other state exchanges are coming in and they are getting better news than Connecticut. Vermont and Rhode Island exchanges are seeing no rate increases and improved benefit packages. Maryland’s and California’s increases are far less than expected. Rates for Oregon and Washington actually dropped, in some cases significantly. In…
Read MoreConnectiCare joins health insurance exchange
Yesterday ConnectiCare filed individual and small group 2014 rates for Connecticut’s health insurance exchange. ConnectiCare joins HealthyCT, the new nonprofit co-op, in participating in the exchange. ConnectiCare plans to charge average premiums of $397 per member per month for individuals and $716 pmpm for small groups. HealthyCT’s proposed rates average $427 pmpm for individuals and…
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