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Small Businesses Biding Time On Insurance Exchanges

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Credit: Thinkstock

Credit: Thinkstock

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By SUSAN HAIGH,  Associated Press

HARTFORD, Conn. (AP) _ Connecticut small businesses are waiting for more information before deciding whether to sign up their employees for the small group health insurance plans that will be offered under the state’s new insurance exchange.

Both insurance brokers and small business advocates said it’s still unclear whether businesses with two to 50 employees will get a better deal through the exchange.

Last week, the Insurance Department released the base rates it has approved for small group and individual plans. Three insurers– United Healthcare, Anthem and nonprofit HealthyCT Inc.– are offering plans for small groups through the exchange.

Unionville insurance broker Stephen Repka said more detail about the rates, as well as about competing plans expected to be offered outside the exchange, should be available after open enrollment begins Oct. 1.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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