- Exchanges: Where consumers can comparison shop for health insurance.
- If everything goes well, exchanges could make the buying process easier for health insurance and may lead to lower prices because of increase competition.
- The exchanges must be set by October 1, 2013. The exchanges will then go into effect January 1, 2013.
- States have the option of:
- Setting up their own exchanges
- Partnering with Federal government to run an exchange
- Or opt out of the exchanges (when they opt out, the federal government runs the exchange for the state)
- Exchanges will be open to:
- Individuals buying their own coverage
- Employees of firms with 100 or fewer workers (some states 50)
- Most people will be able to get subsidies average of $4,600 per person.
- Undocumented immigrants will be banned from the exchanges.
- Exchanges will be available for residents who earn up to 400% of the poverty level (around $44,600)
- Most people will be required to have coverage by 2014.
- Members of congress will be required to buy from exchanges if they want coverage from the federal government.
To view the full article. please click the following link: A Guide to Health Insurance Exchanges
For additional billing and coding resources, please click the following link: Medical Reimbursement, Inc. Resources Page
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.