Aetna this week became the third insurer to submit proposed rates for new health plans offered later this year on Connecticut’s public health exchange.
The first Connecticut health insurer to file proposed rates for health plans that will be sold on a public exchange, HealthyCT Inc. is requesting monthly rates ranging from $156 to $1,501 per person for small-group plans, according to regulatory documents.
The state Insurance Department approved an insurance license for HealthyCT, allowing the new nonprofit to sell health plans in Connecticut, the nonprofit and department said Tuesday.
Nine health insurers intend to offer either medical insurance or dental coverage on a state health exchange that will operate as an online marketplace for insurance next fall.
The Connecticut Health Insurance Exchange had a deadline Friday for insurers to write a letter saying they intend to offer health or dental coverage when the open enrollment starts in October.
Some young people are likely to experience sticker shock when shopping for health insurance next year, as new regulations take hold to reduce price variation based on age.
A limit on pricing by age is among the many new federal regulations that will apply to health plans sold in the fall of 2013 for the 2014 calendar year — all part of federal health care reform.
Most states allow insurance companies to vary the price of health insurance based on a customer’s age. Older customers could pay up to seven times what young people pay.