State Releases Rates For Health Exchange Plans

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The Courant\’s Matt Sturdevant reports that the state Insurance Department has released the approved monthly rates for companies selling on the state\’s new health insurance exchange. Here\’s how the companies stacked up across three of the four levels of individual and insurance plans that will be available in the new marketplace:

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Rates for the highest-level plan, known as \”platinum,\” were not released Monday. Aetna withdrew its application to be in the exchange on Friday because it disagreed with changes the department made to its rates.

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In a statement Monday night from Congressman Jim Himes\’ office, Connecticut\’s all-Democrat delegation said: \”Today’s announcement is further proof that health care reform is working for residents across Connecticut. People who currently cannot afford insurance will particularly benefit from reduced costs that resulted from the rate review process and the tax credits that will make health care even more affordable, for both individuals and small businesses. Lower costs, and increased access and transparency, bode well for the future of health care in Connecticut and across America.”

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2 thoughts on “State Releases Rates For Health Exchange Plans

  1. Richard

    The rate illustration charts are better a t the CTMirror.

    55? Single? Earning $55,000? . $450/$550/$650 per month for Bronze/Silver/Gold rising $200 each towards age 64. Still a decent hit for a gold plan at $7,800 a year to over $10,000 by age 64. Starts off as a near 15% tax ate age 55 and 20% by age 64.

    And these policies don’t have the same actuarial value as Medjcaid? And skimp some on coverage in comparison? Outrageous. I expect the proposal to lower the age for Medicare will be revisited.

    Will the system be dead after the 2016 elections? With only 14 states committed to running their own exchanges?

    Here’s the kicker. Its being reported that the 14 states running their own exchanges, Blue States like CT and CA, have higher rates than the Federal Exchange in the 36 other states. A 2016 campaign issue in the making? Then there’s the cost of exchange implementation in the Blue States……

    Then there’s the Medicaid expansion with half the states declining to expand coverage. 23 are in, 21 are out, and 6 have yet to act lackung the votes to implement.

    2016 will be a ratification vote on the whole mess.

  2. enness

    Am I to understand that $2400 a year for an individual plan called “bronze” (as in, third place) is considered cheap here? Or is that pre-subsidy? I feel like I’d almost be better off stuffing it in the mattress.

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