HARTFORD, Conn. (AP) — A review of rates proposed by insurance carriers offering the lowest-cost plans for individuals in Connecticut's new health insurance exchange shows there are narrow differences between the different companies.
According to a report released Tuesday, the rates filed with the state's Department of Insurance for individuals vary, at most, by a little more than 10 percent.
"In general, our review indicated the rates within a bronze medal tier are pretty narrow," said Julia Lambert, president of the Wakely Consulting Group. Under the federal Affordable Care Act, health insurers offer plans that meet levels of coverage — bronze, silver, gold and platinum — based on how much individuals in the plans would be expected to pay through deductibles and co-payments.
For a single person age 21 living in Fairfield County, the most expensive county in Connecticut for individual and small group insurance, average rates for bronze plans range from $222.24 a month to $245.51. For a family of four, including a couple in their forties with two teenage children, the rates range from $904.72 to $999.45 a month in Fairfield County. That's before any eligible federal subsidies might apply.
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