Insurer Harvard Pilgrim Health Care has received regulatory approval to begin selling health plans in Connecticut.
The Massachusetts health insurer said Thursday that the Connecticut Insurance Department has approved its license after a full review of its business plan. Harvard Pilgrim said it will begin selling coverage in the second quarter of 2014 for a July 1 effective date.
"This is a very exciting day for us," said Harvard Pilgrim President and CEO Eric H. Schultz. "We look forward to bringing alternative choices and our outstanding clinical and customer service programs to the people of Connecticut. As a not-for-profit health plan, our offerings emphasize quality and value for members and employers.
The not-for-profit health insurer, which has its Connecticut operations based in downtown Hartford, will be the second new insurer to enter the state in as many years. Wallingford-based HealthyCT, another not-for-profit health plan, started selling insurance in Connecticut in 2013.
Harvard Pilgrim presently operates in Massachusetts, Maine and New Hampshire.