Health Insurance in Connecticut
Connecticut residents are looking for worthy health insurance plans that offer significant financial protection at a cost they can afford. Below is useful information.
There is a wide choice of quality health insurance plans for individuals and families from most of the leading health insurance companies in Connecticut like
Aetna, United Health One, Cigna, and Anthem Blue Cross Blue Shield, including Tonik health plans for individuals. The premiums for private medical insurance policies are all standardized and filed with the
Connecticut Insurance Department. This means all agencies must quote the same rates. It is suggested that private insurance holders review their policy rate every 18 months.
Connecticut also provides a high risk pool plan for the individuals and families without health insurance in Connecticut, through the Connecticut Health Reinsurance Association (HRA).
Health Insurance for Connecticut Groups and Small Businesses (2-50 employees); Medical underwriting is authorized in Connecticut. Charges are based on the community rate including age, gender, location, industry, group size, and family composition.
Connecticut offers COBRA, the Consolidate Omnibus Budget Reconciliation Act of 1985. Many companies with 20 or more employees that provide health insurance are obligated to offer employees and their dependents continuation coverage for remuneration that were lost owing, for instance, to job loss, decrease in hours worked, death, or divorce.
Medicaid in Connecticut is a state/federal program that pays for medical and long-term care services for low-income pregnant women, children, certain people on Medicare, disabled persons and nursing home residents.
The Husky Plan is intended to assist all children who don’t have health insurance.
Others include; short term health insurance, student health insurance, and dental insurance
Companies for Health Insurance in Connecticut
Do you pay too much for family health insurance? Maybe it's time to Check Connecticut Health Insurance Quotes.
Hospitals in Connecticut
Bridgeport Hospital in Bridgeport; Danbury Hospital in Danbury; Greenwich Hospital in Greenwich; Norwalk Hospital in Norwalk; St. Vincent Hospital - Bridgeport; Stamford Hospital in Stamford; Bristol Hospital in Bristol; Connecticut Children's Medical Centre, St. Francis Hospital, and Hartford Hospital in Hartford; Hospital of Central Connecticut in New Britain, and Southington; John Dempsey in Farmington; Manchester Hospital in Manchester; Charlotte Hungerford Hospital in Torrington; New Milford Hospital in New Milford; Sharon Hospital in Sharon; Middlesex Hospital in Essex, Marlborough, and Middletown; Griffin Hospital in Derby; Mid-state Hospital in Meriden; Milford Hospital in Milford; St. Mary's Hospital, and Waterbury Hospital in Waterbury; St. Raphael's Hospital in New Haven; Yale New Haven Hospital in New Haven; Lawrence and Memorial Hospital in New London; William Backus Hospital in Norwich; Johnson Memorial Hospital in Stafford Springs; Rockville Hospital in Vernon; Windham Hospital in Willimantic; Day Kimball Hospital in Putnam.
Health Insurance for the Self-Employed
Having health insurance and being able to afford it is a great
concern for many who leave a corporate job to run their own
business.
The national crisis in health coverage is hitting the small
business owners especially hard. About 24 million small-business
employees and their families are uninsured, according to a study
by the Kaiser Family Foundation.
After you leave your employer you may elect to continue to
receive coverage in the employer's group plan at your expense
for up to 18 months. The Consolidated Omnibus Budget
Reconciliation Act (COBRA) is a federal law that requires
employers to allow departing workers to buy health insurance
through the employer's group plan.
However, the cost of the monthly premiums for COBRA can come as
quite a surprise if you're accustomed to you employer picking up
most of your health insurance tab.
Luckily starting in 2003, if you work as a consultant, freelance
worker, and other self-employed individual you will be allowed
to deduct all of your health insurance premiums. This is an
increase form the 70% that was deductible in 2002. You can take
the self-employed health insurance deduction even if you do not
itemize your tax return.
But, even with health insurance the medical expenses that come
out of your pocket can overwhelm you. If you have to dip into
your retirement savings for certain medical expenses, the best
way to do so is to transfer your IRA or previous 401(k) account
to a Self-Employed 401(K) plan that you set up. You can then
take a loan from that plan. Loans from a Self-Employed 401(k)
plan are tax-free and penalty free as long as they are paid back.
About the author:
By Daniel Lamaute of www.InvestSafe.com Daniel is a retirement
plans specialist and owner of Lamaute Capital, (InvestSafe.com)
an investment brokerage firm that works with individuals and
small businesses.
Author: Daniel Lamaute