Wednesday, May 22, 2013
ConnectiCare 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 $445 for small groups. Rates will vary by customer based on age, residence, and the plan selected. Rates must still be approved by the insurance department. While the benefit plans will change next year and previous prices are not strictly comparable, in 2012 individual coverage for CT on eHealthInsurance.com averaged $207 pmpm. Policymakers have options to control premium increases but they must act soon to be effective.