In Stamford health insurance as of this article’s writing (January, 2011 by the way), there are 5 companies that we represent and offer health plans from. As if your life wasn’t difficult enough shopping for health insurance, another complication in Stamford is that the plans are very similarly priced and there is not a clear cut company to choose. (Almost seems likes collusion or price fixing).
I ran a quote for a 35 year old male in Stamford and picked plans with very similar out of pocket maximums (total amount of personal exposure before the health insurer pays 100% of the claim) and tried to find plans that covered office visits and prescriptions before the deductible.
Blue Cross Blue Shield of Connecticut simply doesn’t offer office visits copays and only covers them after the deductible. However, this plan has an extremely low out of pocket and is thus most likely the best value depending on your medical situation. I would probably choose the Lumenos HSA 2500 plan myself which is about $170 per month and has a maximum out of pocket of only $2500 including the deductible which means that no matter what happens you will never be out of pocket more than that number.
United Health One and Aetna are pretty tight in premium as well but Aetna’s Managed Choice Open Access 3500 is only $166 per month, but sadly the out of pocket is $7500 which is triple that of Blue Cross. But of course this plan includes office visits and prescription coverage from day one with a copay. United Health Care’s Copay 80 – 2500 plan in Stamford has an out pocket of only $4500 and includes office visits and prescriptions before the deductible but is $215 per month which is about 20% more than Blue Cross and Aetna per month but very well might be worth it if you have a lot of prescriptions and or doctor visits each year.
Lastly in the Stamford health insurance market is Connecticare’s POS Upfront Deductible $1,000 / $2,000 – 30PCP – 50% – C which has a low deductible of $1000 but a very high out of pocket (coinsurance) max of $6,000 and comes in at about $180 per month. They also somehow got away with out including an unlimited lifetime maximum (which must be because of their non profit status) and caps out at $1 million in benefits. Don’t ask what happens after that please. Still I do love non profits in health insurance as they enjoy a distinct advantage in pricing and thus would not rule out Connecticare.
We are still waiting for Cigna to release their rates for 2011 and will hopefully update this article in a few weeks to include their offerings but as a general rule, they are about the same price as United Health One in Connecticut and are pretty competitive with their benefits.