Hartford Business Journal

October 19, 2015 - Family Business Awards

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G R E AT E R H A R T F O R D ' S B U S I N E S S N E W S w w w. H a r t f o rd B u s i n e s s . c o m For more B2B news visit OCTOBER 19, 2015 Volume 23, Number 47 $3.00 Subscribe online Reinvented and reinvigorated. Book of Lists 2 0 1 5 / 2 0 1 6 Reserve Your Space Today! Ad Space Closing: 11/30/15 Release Date: 12/28/15 Index ■ Week in Review: PG. 6 ■ Deal Watch: PG. 9 ■ The List: PG. 10 ■ Movers and Shakers: PG. 12 ■ Nonprofit Notebook: PG. 13 ■ Opinion & Commentary: PG. 44 Building Boom West Hartford is experiencing another building boom, largely from new apartments and office buildings, courtesy of a rebounding local, state and national economy, plus the spillover benefit of an exploding healthcare sector. PG. 3 Paying from the Grave Dying in Connecticut has just gotten more expensive. Find out how a new probate court fee structure could cost wealthy estate and business owners tens of thousands of dollars more when their property is transferred after death. PG. 5 DEAL WATCH Hartford apartments sell The 136-unit Lafayette Arms apartments in Hartford have sold for $6.9 million after drawing multiple bidders, brokers say. PG. 9 Policy shift allows mid-sized employers to keep health plans By Matt Pilon mpilon@HartfordBusiness.com C ongress offered and Connecticut has accepted. State Insurance Commissioner Kath- arine Wade notified insurers and employers this month that she will delay a Jan. 1 expan- sion of the small-group insurance market in Connecticut. That means companies with between 51 and 100 employees won't be forced to purchase health benefits next year with businesses that have 50 or fewer workers. The exact impact of the policy shift, right now, is unknown, insurance experts and brokers say, but the decision could save some mid-sized employ- ers from having to pay more for health benefits. Other mid-sized employers, brokers say, could have reduced costs by shopping in the small- business pool, which has stricter rules about rating factors and required benefits, giving insurers less wiggle room to price risk. Most states are expected to join Connecti- cut in delaying the expansion, though Colora- do and Vermont have said they will forge ahead and broaden the definition of a small employer. The policy shift is a result of Congress Continued on page 8 Insurance Commissioner Katharine Wade decided to delay the small-group insurance market expansion in the state. P H O T O | C O N T R I B U T E D Honoring Connecticut Family Businesses for their outstanding achievements! PGS. 15–42 SPECIAL SECTION > 2 0 1 5

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