Monday, January 30, 2023

ConnectiCare to drag out of CT’s totally insured small group market

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ConnectiCare, which presents well being plans on and off Connecticut’s medical health insurance trade, has alerted brokers that it’s going to quickly cease promoting small group insurance policies to new prospects.

“ConnectiCare has made the troublesome resolution to withdraw from the totally insured small employer market in Connecticut,” spokeswoman Kimberly Kann mentioned in a press release. “This resolution was made after a radical actuarial and monetary overview, which made it clear that we are able to not supply competitively priced totally insured small employer merchandise on this market.”

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