A health insurance exchange, which is also known as a Health Insurance Marketplace, is a set of government regulated and standardized health care plans in the United States. The Marketplace is a new way to find health coverage that helps people who do not have coverage or people who have coverage but want other options of coverage. When using the Health Insurance Marketplace, the applicant will fill out an application and will be able to see all the available health plans available in their area. The information that the applicant must provide in order to determine the best coverage is their household size and income to see if they are able to get lower costs on premiums for private plans. The applicants are also able to see if they qualify for free or low cost coverage through Medicaid or the Children’s Health Insurance Program, or CHIP (Marketplace). Most Americans will be able to use the Marketplace and can apply for coverage in three ways: online, by mail, or in person. All insurance plans are offered by private companies, but the Marketplace is run by the state or the federal government depending on where the person lives. The Marketplace will make information simple about prices and benefits for people to understand so there is no confusion about what type of insurance they should be enrolled in. A bonus to the Marketplace is that these applicants are also able to compare multiple plans to choose what is right for them as far as the amount of coverage and premiums they are paying. New York will open its new health care exchange on October 1st, 2013 with the hope of insuring more than 1 million uninsured New Yorkers. NY has more than 2.7
Federally-facilitated Health Insurance Marketplace
A central component of the Affordable Care Act is the establishment of a Health Insurance Marketplace (formerly known as an Exchange) in each state.
Each state is expected to have its Marketplace up and running by the beginning of the "open enrollment period," October 01, 2013. Coverage is slated to go into effect on January 01, 2014.
State-based Marketplace: A state can establish and operate its own Marketplace.
Federally-facilitated Marketplace: States…
Ways Health Care Reform Will Impact Your Finances and Taxes
Whether you have health insurance or not, here’s what you need to know.
By Lisa Greene-LewisAug. 7, 201356 Comments SHARE
Unless you've been hiding under a rock recently, you've probably heard a thing or two about health care reform or Obamacare.
Even if you've heard about health care reform, you may be confused about how the law impacts you, your finances and taxes. Whether you already have health insurance or not…
finally happening!We get to manage our own health care .Our issues with Healthcare and insurance is finally looking up in a positive way .Finding a doctor won't be such a hassle nor will it be someone else telling you who you have to pick . Insurance won't be so high and even has made it possible to carry insurance without it breaking our pockets each month .This new way of insurance marketing is a great idea . I feel this will save our pockets and cost of health care can finally go down .The facts are…
to all American at affordable cost of health insurance. It has good benefits that will help a lot of families, individuals and small businesses. Also, Obamacare has its disadvantages too that can force firms to go out of business.
“The Affordable Care Act (ACA), also known as Obamacare, was signed into law in 2010. The act aimed to provide affordable health insurance coverage for all Americans. The ACA was also designed to protect consumers from insurance company tactics that might drive up patient…
1. What are health insurance exchanges?
It also called Health Insurance Marketplace, is an online associations established to assist purchasing a health insurance or look for a batter or cheaper health insurance. It searches for health insurance based on the person health income and it allows comparing the options.
The health insurance exchange organization is based on Obama Care (Patient Protection and Affordable Care Act), it is run by the state or federal government since it is state-based…
There has been much debate regarding the impact of the Affordability Care Act on health care since passed in to law. In this paper, I will discuss one of the key components, the uninsured population. The Affordable Care Act (ACA) legislation constitutes the largest change to America’s healthcare system since the creation of Medicare and Medicaid.
Acquiring affordable health insurance coverage can become a reality for many patients, including those who have been uninsured as a result…
Affordable Health Care Act(Obama Care)
OVERVIEW OF THE HEALTH CARE LAW
2010: A new Patient's Bill of Rights goes into effect, protecting consumers from the worst abuses of the insurance industry. Cost-free preventive services begin for many Americans.
2011: People with Medicare can get key preventive services for free, and also receive a 50% discount on brand-name drugs in the Medicare “donut hole.”
2012: Accountable Care Organizations and other programs help doctors and health care providers…
August 25, 2014
Dr. Keith Perry
My article focuses on Walmart announcing how their full time employees are now taking advantage of signing up for health insurance, and how the shareholders would be affected by this outcome. However, benefits will be available to many more low income families because of this decision. The new health care article also explains why so many more individuals will consider health insurance through their employer…
Health Care Utilization
July 16, 2014
The Affordable Care Act started changing the country’s health-care system almost from the moment it was signed into law in March 2010. It has already expanded coverage of young adults by allowing them to stay on their parents’ plans until they turn 26, outlawed lifetime limits on what insurance will cover, lowered the cost of drugs for seniors on Medicare, caused 13 million consumers to get premium rebates totaling…
Access to Health Care: The Mental Health Population
Mental health services ended up being far from reached by patients with primary psychiatric disorders. Mental health care means not only improving access but also improving clinical quality and ensuring cultural competence. It is the ability to treat and support programs to encounter individuals on personal terms and in methods that are customarily aware.
Access to mental health care is not as good as than other forms of medical services. Some Americans…