CID: New Releases (08/29/2017)

{Connecticut Insurance Department}
STATE OF CONNECTICUT
Insurance Department
{Access Health CT}
 
Katharine L. Wade
Commissioner
 
CONTACT: Eric Weinstein, 860-297-3864
 
Jim Wadleigh
Chief Executive Officer
 
CONTACT: Kathy Tallarita, 860-757-5339
 


FOR IMMEDIATE RELEASE
August 29, 2017

 
Connecticut Insurance Department and Access Health CT
Extend Deadline for Carrier Determinations

Insurance carriers will have until September 15th to decide
whether to participate in the Exchange in 2018


As a way for Access Health CT to be ready for the upcoming open enrollment on November 1, 2017; the organization requires final carrier decisions by September 15, 2017.  In order to give the Connecticut Insurance Department more time to make its rate determinations, due to the uncertainty in Washington regarding funding for Cost Sharing Reductions (CSRs) which provide financial assistance for consumers, this date allows carriers to make a decision about participation for 2018.

“The Department will make final rate determinations in advance of September 15.  We appreciate Access Health CT’s willingness to work with us to provide the maximum flexibility to make rate determinations,” said Commissioner Katharine L. Wade.  “This extension gives Access Health CT and our customers a better understanding of what to expect and when,” said AHCT CEO Jim Wadleigh. “It provides the carriers with the time they need to decide if they’ll offer plans for 2018 and allows our organization to prepare the best way possible for the upcoming open enrollment period, which begins on November 1, 2017.”
 
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About the Connecticut Insurance Department: The mission of the Connecticut Insurance Department is to protect consumers through regulation of the industry, outreach, education and advocacy. The Department recovers an average of $4 million yearly on behalf of consumers and regulates the industry by ensuring carriers adhere to state insurance laws and regulations and are financially solvent to pay claims. The Department’s annual budget is funded through assessments from the insurance industry. Each year, the Department returns an average of $100 million a year to the state General Fund in license fees, premium taxes, fines and other revenue sources to support various state programs, including childhood immunization.
 
 
For help with all your insurance issues:
  • Email us at insurance@ct.gov
  • Ask a question or file a complaint online
  • Call the Consumer Helpline at 800-203-3447 or 860-297-3900.
  • Sign up for e-alerts to get the latest news, warnings and rate changes that may affect your premium
  • Download consumer FAQs on health, homeowner and auto coverage
  • Use the Department’s Speakers Bureau for public events.
  • Visit our Web site and follow the Department on Facebook, Twitter or YouTube
 
 

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About Access Health CT: Access Health CT (AHCT), Connecticut’s official health insurance marketplace, is a quasi-public agency created by the Connecticut legislature in 2011 to satisfy requirements of the federal Affordable Care Act. AHCT’s mission is to increase the number of insured residents in Connecticut, promote health, lower costs, and eliminate health disparities. Connecticut residents and small business owners can compare and enroll in health care coverage and apply for tax credits for individuals through AHCT. Access Health CT partners with the CT Department of Social Services in HUSKY Health eligibility and enrollment. For more information, please visit www.AccessHealthCT.com, like us on Facebook at www.facebook.com/AccessHealthCT and follow us on Twitter @AccessHealthCT


Content Last Modified on 8/29/2017 2:32:16 PM