Connecticut medical discount plan bonds.
From $100.
Connecticut licenses discount medical plan organizations through the Insurance Department, and conditions the license on financial security — commonly a $100,000 surety bond under C.G.S. 38a-479rr. Priced at 2% of the bond amount, $100 minimum; enter the amount your licensing letter names to see your exact price at the application.
Trusted by industry leaders
How much does a Connecticut medical discount plan bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard medical discount plan bond — enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Apply online
Your organization details, the bond amount your license requires, and the effective date — that is the application.
Issued on the spot for most
No credit check up to $10,000, and most applicants are approved and issued the moment they pay. Above $10,000, a soft pull may add a short review.
File with the Insurance Department
Submit the executed bond with your discount medical plan organization application or renewal. Wet-ink originals mailed whenever the department insists.
What it is and who needs it.
What the bond actually guarantees
A discount medical plan organization sells members access to discounted health-care services for a fee — not insurance, but a program Connecticut regulates through the Insurance Department under C.G.S. 38a-479rr et seq. Because members pay in advance, the state wants a financial backstop standing behind the program.
The license is conditioned on financial security: an organization either maintains a net worth of at least $250,000 or files a $100,000 surety bond for the benefit of the state and harmed members. If the organization fails to deliver the promised discounts or violates the discount-plan law, a harmed member can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for as long as you hold the license, so we track it and send renewal notices 60 and 30 days out.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Insurance Department. Submit the executed bond with your discount medical plan organization application or renewal. Wet-ink originals mailed whenever the department insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount your license requires — the executed bond is generated instantly, ready to file with the Insurance Department.
Start the application →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Medical discount plan bond, issued today.
Premiums from $100. Enter your required amount and file with the Insurance Department the same day.