Access Health CT is a new marketplace which will offer health insurance and coverage options to individuals, families and small employers. The main purpose of having the Exchange is "to increase the number of insured residents in our state, promote health, lower costs and eliminate health disparities".


Based on the federal Health Reform law, all states are to have such a marketplace (or Exchange) implemented by January 1, 2014. The law states that states have three options - (i) either the state will develop and implement the Exchange; or (ii) the state would allow the federal Department of Health and Human Services to do this; or (iii) a hybrid of the two. For our state of Connecticut, option (i) was chosen.



Is insurance going to be affordable?


Through tax credits, CT residents will be able to afford the cost of insurance premiums with Access Health CT. "Such federal tax credits will apply to individuals and families with incomes up to 400 percent of the federal poverty level ($92,200 for a family of four). Furthermore, small employers that offer health insurance to their workers may be eligible for the Small Business Health Care Tax Credit offered through the IRS to help cover premiums."



Who is paying to set up, implement and run Access Health CT?


Through 2014, Access Health CT will be fully funded by federal grant money and will not cost anything to our State.



Who will manage the Access Health CT ?


Based on requirements set out in the federal Affordable Care Act, it is set up as a "quasi-public agency" run by a 14 member board that is chaired by Lieutenant Governor Nancy Wyman. Another structural level of the Exchange exists as four different advisory committees, namely the "Consumer Experience and Outreach", "Health Plan Benefits and Qualifications", "Brokers, Agents and Navigators" and "Small Business Health Options Program (SHOP)". The purpose of these committees are to provide "the board with diverse perspectives on key initiatives and operations, providing opinions and recommendations".



How do I learn more about Access Health CT and how it will impact me or my business?


Call us today at (203) 380-9100 and we will help you get prepared for 2015!