ConnectiCare Withdraws From Small-Group Market In Public Health Exchange

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ConnectiCare Benefits Inc. announced Friday the insurer is withdrawing its application to offer health insurance in the small-group market on a public health exchange formed in Connecticut as part of the Affordable Care Act.

ConnectiCare Benefits will focus on the individual market, the company said. The Farmington health insurer will continue to monitor the small-group market for Access Health CT, the state exchange, and might take part in the market in the future.

“… we believe that we should focus on the needs of individual purchasers on the Exchange,” ConnectiCare President Michael Wise said in a prepared statement. “We remain committed to the success of Access Health CT, and are excited about partnering with Access Health CT on the individual Exchange in 2014.”

As part of federal health care reform, states are establishing online marketplaces for health insurance, sometimes called public exchanges. Private health insurance plans will be available for sale through the exchange on Oct. 1 in Connecticut for coverage the following year.

Aetna, Anthem Blue Cross and Blue Shield in Connecticut, ConnectiCare Benefits, HealthyCT and UnitedHealthcare all submitted proposed rates. Aetna and ConnectiCare Benefits are offering only individual plans, UnitedHealthcare is offering only small-group plans and the other two are competing in both markets.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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One thought on “ConnectiCare Withdraws From Small-Group Market In Public Health Exchange

  1. pete

    They will not be the last but only the first. Companies are realizing very quickly it does not make sense to be in certain markets under obama care. What was that promise “If you like your insurance YOU can KEEP your insurance” and “Your premiums will go DOWN by $2,500/year”. Guess barrack was high on coke or pot when he said this stuff

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