CT Insurance Mandates May Be Felt in New Rates
HARTFORD, Conn. (AP) — Because Connecticut ranks high on the list of states with large numbers of health insurance mandates, there’s a question as to how much those requirements will affect insurance premiums offered by the state’s new health care exchange.
Open enrollment for the new online marketplace, a key provision in the Affordable Care Act, is expected to begin Oct. 1. Coverage is expected to start Jan. 1.
Connecticut’s largest business organization has warned that premiums can be adversely affected by the large number of mandates, ranging from coverage for infertility treatment to autism spectrum disorder services.
The executive director of Connecticut’s exchange agrees the mandates will add to premium costs, but the “big driver” is the state’s already high medical costs.
Rates are expected to be finalized by the end of July.