New nonprofit health insurer gets license
There’s a new health insurer in the state.
HealthyCT, a nonprofit company launched with federal funds, has received a license from the Connecticut Insurance Department.
The insurer will begin offering health plans in the fall through brokers and through Access Health CT, the marketplace for individuals and small businesses to buy insurance as part of federal health reform. The plans are expected to take effect Jan. 1, 2014.
Known as a consumer-operated and oriented plan, HealthyCT is intended to serve as an alternative to for-profit insurers, according to a statement from Ken Lalime, the company’s CEO. The insurer’s board will be made up of plan members.
The Wallingford-based company received $76 million in federal start-up and solvency loans, which were made available through the federal health reform law.
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