Access Health CT is a new state-run health insurance marketplace. The marketplace will enable individuals and small businesses alike to purchase insurance at federally subsidized rates. The marketplace will officially open on January 1, 2012. When choosing a plan for health insurance, there are many factors to take into consideration.
Plans Available
Access Health CT provides plans that include ten essential medical benefits. Some services can be provided for free. These plans have varying monthly premiums. The metal level allows you to compare the costs of different plans. While the catastrophic plan is the lowest cost, it has a low monthly fee and covers only 60 percent. This plan is ideal for those who require intensive medical care, such a hospital stay or an aggravated illness. This plan also has lower coverage limits, so you can enroll at any time during 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 might be worth considering if you only use certain medical services from time to time. Cost-Sharing Reductions (CSRs) may be an option that lowers your out-ofpocket expenses for deductibles, coinsurance, and copayments. These lower-cost options are only available to those who have enrolled in Silver plans.
Plan prices
Access Health CT market offers several plans. Each plan has its benefits and limitations. Each plan has its own monthly premium, deductible, and copay amount. The platinum plan is an excellent choice for people who need extensive coverage. The platinum plan covers 90 percent of the care costs and is typically for people who have serious health issues. 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 less comprehensive but still has a low premium, and lower deductible. You can also get financial assistance in varying amounts.
Access Health CT plans are available to those who are already covered under an employer-sponsored plan. This plan is only available to those who are eligible. If you are eligible, you can switch to the Covered Connecticut plan. However, you may not be eligible to receive tax credits. Therefore, wait until the Special enrollment period.
Optional ways to enroll in plans
Access Health CT is a new Connecticut health insurance marketplace that will allow individuals and small business to obtain affordable health insurance coverage through federally sub-subsidized rates. You should consider enrolling in Access Health CT if you are without insurance or need to replace it.
You'll have the ability to choose from a wide range of plans when you enroll. You will be able to choose from a variety of options depending on your income and eligibility. A subsidy may be available depending on the status you have as a caregiver. A partner company such as HUSKY can also help you get a plan. There are overlapping networks of providers for both companies. You can visit the same provider or doctor even if you have family members on both plans.
Tax credits available
The tax credit helps people pay for their premiums. It is available to individuals and families earning up to 138 percent of the federal poverty level. These people can apply the credit to purchase bronze, silver and gold or platinum insurance plans.
After enrolling in an insurance policy, the credit will be available immediately. The credit is available immediately after you enroll in an insurance plan. You must still pay your monthly premiums. But, you can apply for a tax credit for premiums to get the money as soon as you sign up. Depending on your income, you may be able to receive up to $1,000 per year in tax credits.