Be Part of the Ultimate Safety & Compliance Community
Trending news, knowledge-building content, and more – all personalized to you!
The U.S. Department of Health and Human Services (HHS) must make a determination on or before January 1, 2013, that a state will in fact have an exchange in operation by 2014 and that the exchange meets the requirements of the Affordable Care Act (ACA) and HHS guidance. In a letter dated November 15, 2012, Secretary Sebelius indicated that a state may submit both a letter of intent and an application to operate its own exchange by December 14, 2012. If a state elects not to operate an exchange, or if the HHS determines that the state will not be able to have an exchange operational by 2014 that meets the law’s requirements, the ACA gives the HHS the authority to establish and operate such exchange within the state.
On July 1, 2011 Connecticut Governor Dan Malloy signed SB 921, Public Act 11-53 into law. This established the Connecticut Health Insurance Exchange.
In September 2010, the Connecticut State Office of Policy and management received a federal Exchange Planning grant of $1 million. In August 2011, the state received a Level One Establishment Grant for $6.7 million for planning and development of the exchange.
Connecticut’s Exchange is quasi-governmental authority, governed by a 14-member board of directors.
The exchange will be operated as an active purchaser, limiting the number of plans offered.
2011 SB No. 921, Public Act No. 11-53