Applying For Health Insurance In Connecticut
This post will give you information about Applying For Health Insurance In Connecticut. Connecticut residents that do not have access to health insurance through an employer have two choices to obtain Care. They can either apply for coverage through the health exchange or they can apply with an insurance company outside of the exchange. Which option is better? It depends on your specific situation but the following points below should help guide you.
Applying on the Exchange-
Applying through the Exchange is the only way to determine if you are eligible for a premium subsidy. Subsidies are not available outside of the exchange. In Connecticut, Access Health runs the exchange. They run the application website, determine subsidy levels as well as send enrollment information to the carriers. The Exchange will determine the amount you receive for your premium subsidy by using your annual 2014 Adjusted Gross Income as a base. The income level increases for every additional family member. For Example, a single person making $50,000 a year is not eligible for a subsidy but if they have a spouse and the total family income is $50,000 they would be eligible. Pre-existing health conditions are not taken into consideration when applying.
Applying off the Exchange-
A number of companies offer plans off the exchange such as Aetna, Connecticare, Anthem BCBS, United Healthcare and Cigna. Premium subsidies are not available off the exchange. Medical underwriting is not allowed which means they can not decline someone or raise a persons rates due to poor health. In general the rates off the exchange are similar to the rates on the exchange. However, the on exchange rates are dramatically lower for those that qualify for a premium subsidy. One advantage of applying off the exchange is that it provides access to a larger physician network.
If you would like help with a quote or applying on or off the exchange, please give us a call at 203-796 5403 or by email at Edward@croweandassociates.com. We do not charge any type of fee for the service. Your rates will not change if you decide to work with us.