Connecticut officially names health insurance exchange Connecticut is one of the few states that is working to build its own health insurance exchange. The state will operate this exchange itself, rather than have that authority fall to the federal government. The exchange is meant to help address many of the health insurance issues that exist in Connecticut, namely people’s access to affordable coverage. This week, state officials announced that the exchange has been given an official name and will now be called Access Health CT. State-run exchange may be better…
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Connecticut moves forward with health insurance exchange
Connecticut aims to have exchange operational ahead of deadline Connecticut is one of the few states in the U.S. that has made significant progress in establishing its own health insurance exchange. The state is keen to operate the exchange itself in the hopes of providing service to residents that is suited to the needs of the market. Though the state has made major progress over the past two years to build its own exchange program, the Legislature is now working to make the program a reality, hoping to beat the…
Read MoreHealth insurance premiums to rise in state due to increasing medical costs
Connecticut residents could be seeing increases in the double digits. Although the health insurance rates in Connecticut are on their way up, and the percentage by which they increase will likely be in the double digits, insurers are pointing out that it is not the Affordable Care Act that is behind this additional expense, but it is actually due to the rising cost of medical products and services. Insurers are seeing more expensive claims, which is driving coverage prices upward. One example of higher health insurance premiums will be for…
Read MoreConnecticut health insurance exchange board comes under fire for being unfriendly to consumers
Connecticut’s plans for a health insurance exchange have hit turbulent waters. The state, which has supported the concept of an exchange program thus far, has unveiled the remaining members that will be overseeing the exchange program. Consumer groups had held on to hope that pro-consumer individuals would be added to the group of overseers as none had been included in the previous appointments made by Governor Dannel Malloy earlier in the year. Now, however, consumer groups have voiced their opposition of the latest appointments, saying that consumer interests are not…
Read MoreConnecticut Department of Insurance focus is on transparency and synergy with the insurance industry
The Connecticut insurance industry is entering a period of change, according to the state’s Department of Insurance, and state officials are looking to make the transition into new laws and regulations as smooth as possible. Regulators from the department have begun reaching out to other regulatory agencies and consumers in order to assist with issues arising from changes made to the industry. The changes come from both state and federal laws that seek to make insurance more accessible to a greater number of people whilst increasing consumer benefits. Speaking at…
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