January 15, 2016
On the Web
Save Money on Your Electric Bill
Connecticut has developed one of the more robust competitive electricity retail markets in the country, according to a new report in the Hartford Business Journal: there are 75 suppliers competing in Eversource territory, and 53 in United Illuminating territory.
The most recent ABACCUS report (Annual Baseline Assessment of Choice in Canada and the United States), in July, ranked Connecticut’s residential market as the fourth best in America.
To learn how to potentially save money on your monthly electric bill, please visit: http://www.energizect.com
Are You on the Big List?
Tens of thousands of Connecticut residents currently have unclaimed property in the possession of the state which they are eligible to claim at any time, free of charge. Individuals can quickly check for their own unclaimed property at www.ctbiglist.com at no cost.
The money can include dormant balances in savings and checking accounts, uncashed checks, commissions or wages, and other financial assets that have been forgotten.
Expanding Transparency in Hospital Fees
Hospital patients can expect a more clear explanation of the charges for their stay as the result of a law passed last year. The law, which went into effect this month, ensures that hospitals notify patients of their intentions to begin charging facility fees. The new law also requires that all billing statements clearly identify the fee, explain that it is being imposed to cover hospital operational expenses, and inform patients that they have the right to request a reduction of the facility fee or any other part of the bill.
Facility fees are charged by hospitals for outpatient services provided in the facility and are intended to cover operational expenses associated with these services. Patients have complained about being charged hundreds of dollars in facility fees without being told about them in advance and without explanation of their purpose. On many occasions patients have been seeing the same doctor or specialist for years and are unaware that they have been acquired by a hospital which would begin charging facility fees. Patient advocates argue that the fees are difficult to understand and can be different amounts depending on the hospital charging them. The law that went into effect this month will help patients better understand these fees and their rights regarding them.