Insurance Department Finalizes Exchange Rates

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Adam Chiara file photo.
Adam Chiara file photo.
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The question of cost has been on everyone’s mind since Connecticut first decided to set up its own health insurance exchange under Obamacare. On Monday, Connecticut residents got their first look at the unadjusted rates — meaning, the rates without the inclusion of offsetting government subsidies that will be made available to lower income families.

 

The state Insurance Department released the final monthly premiums on its website Monday after three months of wrangling with the four participating insurers over how they calculated their risk assumptions.

 

The rates posted Monday still don’t take into consideration the federal subsidies individuals may receive if they make less than 400 percent of the federal poverty level, which is $94,200 per year for a family of four. The rates posted Monday also don’t consider age or location by county.

 

Continue reading at CT News Junkie.

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