Access Health CT is the new state's health insurance marketplace. This marketplace will allow individuals and small businesses to buy health insurance at federally subsidized rates. The new marketplace will open January 1, 2010. When choosing a plan for health insurance, there are many factors to take into consideration.
Available plans
Access Health CT plans offer ten essential benefits. Additionally, some services are offered at no cost. These plans have varying monthly premiums. You can compare the cost of the different plans by checking out the metal level. The catastrophic plan with the lowest monthly premium has only 60 percent coverage. This plan is for people who require extensive medical treatment, such as a hospital stay and an acute illness. This plan also has lower coverage limits, so you can enroll at any time during the year.
Access Health CT offers plans both for individuals and families. Silver plans provide coverage for a range of services with lower deductibles. Silver plans may be a good option if you are only going to need certain services. You may also qualify for Cost-Sharing Reductions (CSRs), which lower the out-of-pocket costs for deductibles and coinsurance. For these options to be available, you must sign up for a Silver level plan.
Plan costs
Access Health CT Marketplace offers several plans. All have their benefits and drawbacks. Each plan has its own monthly premium and deductible. The platinum plan offers comprehensive coverage and is recommended for those who want it. The platinum plan covers 90 percent of the care costs and is typically for people who have serious health issues. There are also catastrophe plans that are available to residents under 30 years of age and those who have been granted a hardship exemption. This plan is not as comprehensive, but it still offers a low premium and lower deductible. Additionally, the plans offer varying levels financial assistance.
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. You can also switch to the Covered Connecticut program if you're eligible. You may not be eligible for tax credits so wait until the Special Entry Period.
You have options 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. Access Health CT plans are a great choice if your plan is not in force or you need to get insurance.
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. Your status as a caregiver may qualify you for a subsidy. A partner company such as HUSKY can also help you get a plan. Both companies have overlapping networks 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 way to help people afford health insurance premiums. It is available for individuals and families with incomes up to 138% of the federal poverty level. These people can apply the credit to purchase bronze, silver and gold or platinum insurance plans.
Once you have signed up for an insurance plan, you can get the credit immediately. While you are required to pay for your monthly premiums in most instances, you may be eligible for a premium tax credit. Depending on your income, you may be able to receive up to $1,000 per year in tax credits.