CT SB00373

Defines "low option benefit design plan" as health insurance covering essential health benefits under the Affordable Care Act and state mandates, allowing health carriers to offer these plans through the Connecticut Health Insurance Exchange or independently effective October 1, 2018.

Prohibits the Connecticut Health Insurance Exchange from establishing requirements concerning low option benefit design plans effective October 1, 2018.

Limits Connecticut Health Insurance Exchange board member terms to a maximum of eight years, with existing members who have already served eight or more years allowed to complete their current term.

Requires legislative approval from the insurance committee for any exchange assessment or user fee increases exceeding 15% in one year or 35% in three years, and for any changes in fee calculation methods.

Removes the exchange's authority to limit the number of plans offered and use selective criteria in determining which plans to offer; authorizes the exchange to offer short-term health insurance policies if permitted under federal law.