It’s a bright and happy future at the cheery-looking Access Health CT’s new website. This is where Connecticut’s new health insurance marketplace, the Obamacare exchange, will soon open for business. Not everyone will discover paradise in the new exchanges, but you wouldn’t know it from perusing the site. To learn about the specific premiums and plans, you’ll have to wait until October, when enrollment opens.
Information on the federal subsidy is, naturally, featured prominently on the website. A “savings calculator,” will tell you how much you’ll get (based on age and family size). You’ll also receive your “estimated average premium,” but this is based on the federal Congressional Budget Office’s projections, which have nothing to do with the plans currently taking shape in our state. The calculator also has a convenient quirk: If you don’t qualify for a subsidy because of your income level, you won’t see your premium estimate.
Luckily, Connecticut-specific information, with side-by-side comparisons for all the different tiers, has been compiled by the consumer finance website, ValuePenguin.com. The direct link to the Connecticut comparison tool is here. Depending on your age and income level, you may want to prepare for some sticker shock . . .