Access Health CT is the new state's health insurance marketplace. This marketplace will let individuals and small business buy insurance at federally-subsidized rates. The new marketplace will open January 1, 2010. There are many different factors to consider when choosing a health insurance plan.
Plans Available
Access Health CT plans offer ten essential benefits. Additionally, some services are offered at no cost. These plans come with different monthly premiums. Check out the metal level for a comparison of the costs. The catastrophic plan with the lowest monthly premium has only 60 percent coverage. This plan is ideal for those who require intensive medical care, such a hospital stay or an aggravated illness. These plans have lower coverage limits and can be enrolled at any time throughout the year.
Access Health CT offers plans to both individuals as well as families. Silver plans offer a wider range of services and lower deductibles for prescription drugs. Silver plans can be beneficial if you need only certain medical services on occasion. You may also qualify for Cost-Sharing Reductions (CSRs), which lower the out-of-pocket costs for deductibles and coinsurance. You must be enrolled in a Silver-level plan to be eligible for these lower-cost options.
Prices of plans
Access Health CT offers many plans, each with its own advantages and limitations. Each plan has a different monthly premium,deductible and copay. The platinum plan is the best option for those who require comprehensive coverage. Platinum plans provide coverage for 90 percent of healthcare costs. They are usually designed for those with severe health conditions. You can also get catastrophic plans for residents younger than 30 years old and those who are eligible for a hardship exemption. This plan is not as comprehensive, but it still offers a low premium and lower deductible. These plans come with different levels of financial aid.
Access Health CT plans can be switched to if you are currently covered under an employer sponsored plan. However, you will need to wait until the fall open enrollment period to sign up for this plan. You can also switch to the Covered Connecticut program if you're eligible. However, you may not qualify for tax credits, so you should wait until the Special Enrollment Period to do so.
There are several options available for enrolling into plans
Access Health CT, Connecticut's newest health insurance marketplace, will offer affordable health insurance coverage for individuals and small-businesses at federally subsidized rates. Access Health CT plans are a great choice if your plan is not in force or you need to get insurance.
You can choose from many options once you have signed up for a plan. You will be able to choose from a variety of options depending on your income and eligibility. Some cases may allow you to qualify for a subsidy due to your status of caregiver. You can get a plan through a partnership company like HUSKY. Both companies share the same network of providers. This means that you can choose to see the same doctor or provider even if your family members are on both plans.
Tax credits available
The tax credit is a tool to help people afford premiums for health insurance. Individuals and families can apply for it if they earn up to 138 per cent of the federal poverty line. This credit can be used to buy a bronze, gold, platinum, or silver health insurance plan.
You can apply for the credit right away after you enroll in an insurance plan. In most cases, you must pay for your share of monthly premiums, but you can apply for a premium tax credit to get this money right away. You could receive tax credits of up to $1,000 per calendar year depending on your income.