State officials kept rates for policies on Connecticut’s health insurance exchange essentially flat next year, despite carriers seeking larger increases.
State officials approved smaller rate hikes than those sought for policies on Connecticut’s health insurance exchange.
Would you buy a health plan that covered fewer hospitals and doctors if the premiums were 10 percent less? So-called narrow-network plans haven’t had much traction in Connecticut, but some think that’s likely to change.
The company’s president wrote that the insurer is likely to notify regulators this summer that Anthem will withdraw from the state’s individual market. She added Anthem might not actually choose to pull out of the market, but is required to give six months’ notice if it withdraws and needs to preserve its options.
The changes were made in response to concerns that people are taking advantage of current rules to sign up only after they get sick, and worries that a lack of payments to brokers has affected enrollment.
Insurance companies that sell plans through the state’s exchange stopped paying commissions to brokers this year, and the exchange’s CEO says that has affected enrollment.
People who try to buy health insurance after the annual open-enrollment period could soon face stricter scrutiny before getting covered under a proposal aimed at cracking down on those who forgo insurance, then enroll once they get sick.
Exchange customers who signed up for 2017 coverage and get federal help discounting their premiums will save a couple of dollars each month compared to what they pay now. But for those who don’t qualify for financial aid, costs are rising an average of $76, and for some, that’s after switching to plans with less coverage.
If you buy health insurance on your own, or plan to, your chance to sign up for 2017 coverage starts next week. Here’s what you need to know, whether you’re new to the process or buying again.
Yale Medicine and Anthem Blue Cross and Blue Shield reached a new contract agreement Wednesday, averting the possibility that the large New Haven-area medical practice would leave the network of the state’s largest insurer later this week.
Updated at 11:55 a.m.
The contract dispute pits Connecticut’s largest insurer against a major group of clinicians, and could affect thousands of patients.
Saying that “all eyes will be on Connecticut,” critics of two pending mergers of major health insurers have asked the state’s insurance commissioner to take steps they say would increase transparency in the review of Anthem’s proposed acquisition of Cigna.
Updated at 6:50 p.m.
In all, 116,019 Connecticut residents signed up for private insurance through the state’s health insurance exchange, Access Health CT, during the open enrollment period that ended last week, officials said Monday.
ConnectiCare continues to lead the market among customers of Connecticut’s health insurance exchange, with 52 percent of the nearly 109,000 people signed up so far for 2016 coverage.
More than 5,400 new customers have bought private insurance through the state’s health insurance exchange since Nov. 1, a group that includes more young adults and more people who qualify for subsidized coverage compared to the current customer base.