HARTFORD, Conn. (AP) — A review of rates proposed by insurance carriers offering the lowest-cost plans for individuals in Connecticut's new health insurance exchange shows there are narrow differences between the different companies.
According to a report released Tuesday, the rates filed with the state's Department of Insurance for individuals vary, at most, by a little more than 10 percent.
"In general, our review indicated the rates within a bronze medal tier are pretty narrow," said Julia Lambert, president of the Wakely Consulting Group. Under the federal Affordable Care Act, health insurers offer plans that meet levels of coverage — bronze, silver, gold and platinum — based on how much individuals in the plans would be expected to pay through deductibles and co-payments.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
