High-cost specialty drugs, including a new class of cholesterol medications expected to come to market later this year, are key drivers of the need to raise health insurance premiums by nearly 10 percent, ConnectiCare’s chief actuary told regulators Monday
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CT insurers lower rate hike requests on Obamacare plans
In filings with state regulators, the companies cited varying reasons for lowering their proposed rate hikes for 2016 – ranging from lower claims costs to plans to cover a narrower network of health care providers.
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ConnectiCare leads the pack in new Obamacare enrollment
ConnectiCare Benefits Inc. has the largest share of the market so far among new customers signing up for insurance coverage through Connecticut’s health insurance exchange, Access Health CT.
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Obamacare Q&A: Health insurance costs and options for 2015
Will you be buying your own health care coverage for next year? Here’s a look at what you need to know about the prices and plan options.
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CT’s individual insurance market grew 55 percent under Obamacare
Data from the Connecticut Insurance Department show that more than half the people who bought their own health insurance last year have maintained their old policies. But more than 50,000 of them won’t be able to keep their health plans beyond this year, potentially setting up a repeat of last fall’s turmoil and frustration among people whose policies were discontinued.
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Insurance department rejects Anthem rate hike, lowers others
The Connecticut Insurance Department rejected Anthem Blue Cross and Blue Shield’s request to raise individual-market premiums by an average of 12.5 percent next year, deeming the proposal excessive and directing the carrier to submit new rate proposals for review.
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Obamacare glitch leading to canceled policies, some say
Republican leaders say constituents have had their policies canceled because of problems with the state’s Obamacare exchange. Their claim isn’t entirely accurate, but people involved in insurance administration say problems are causing some people to lose coverage.
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Healthcare advocate wants hearing on Anthem rate request
State Healthcare Advocate Victoria Veltri has asked the Connecticut Insurance Department to hold a public hearing on Anthem Blue Cross and Blue Shield’s proposal to raise premiums for its individual-market health plans by an average of 12.5 percent next year.
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Exchange premiums could rise more than 10 percent next year — or drop, for some
Two insurers selling health plans through Connecticut’s exchange want to raise rates by more than 10 percent next year, while a third wants to lower its premiums, according to proposals filed with the Connecticut Insurance Department.
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State regulators did little to curb Aetna rate hikes
Washington –- For years, insurance giant Aetna charged individual health insurance policyholders in Connecticut premiums far exceeding industry norms compared to what it paid out on medical claims. The oversized rates were allowed by the Connecticut Department of Insurance and only ended with the implementation of Obamacare.
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Access Health CT update: Younger people bought late; calls still coming
Just over 80,018 state residents have private health insurance purchased through the state’s health insurance exchange, Access Health CT, according to numbers presented Thursday.
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Obamacare Q&A: Exchange deadlines, insurance options and tax credits
What you need to know about the end of the 2014 open enrollment period, the insurance options you’ll have once it’s over, when you’ll face a penalty if you don’t get covered and the possibility of getting federal financial help buying a health plan outside the exchange.
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Access Health CT claims an ‘Olympic bump’
Connecticut’s health insurance exchange has been advertising heavily during broadcasts of the winter games, and in the week after the opening ceremony, the number of daily enrollments rose by 67 percent.
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Obamacare Q&A: Switching insurance plans, February deadlines and free coverage
In today’s Obamacare Q&A: How to switch exchange insurance plans, when February premiums are due, and what you need to do if you qualify for a plan with a $0 premium.
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80 percent of ConnectiCare customers paid; the rest get an extension
The deadline for ConnectiCare Benefits customers to pay their January premiums was Wednesday, but the company said Thursday that it will continue to accept payments through Jan. 20.