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The Connecticut Health Insurance Exchange was established July of 2011 and signed into law by Governor Dan Malloy. The exchange is defined by legislation as “a body politic and corporate, constituting a public instrumentality and political subdivision of the state...which shall not be construed to be a department, institution or agency of the state.” The exchange is run by a 14 member board, specializing in health care.
The Affordable Care Act (ACA) requires that all non-grandfathered individual and small group health plans sold in Connecticut and through the exchange cover a minimum of ten defined health benefits. States were given the choice of recommending an Essential Health Benefit (EHB) plan or defaulting to the largest-small group plan in the state. Connecticut’s exchange board made a recommendation for a benchmark plan.
The Connecticut Health Insurance Exchange is a state-run exchange with a 14 member board and has made a recommendation for an essential health benefits benchmark plan.
For more information about setting up a private exchange solution in Connecticut, contact a representative at GoHealth today.