Health Insurance Experts of New York
  • Group Health Insurance
    • Voluntary Employee Benefits
    • List of Carriers
  • Individual Health Insurance
  • Medicare
    • Medicare Supplement Plan
  • Life Insurance
  • About Us
    • Industry News

Overview of the Affordable Care Act

9/5/2013

0 Comments

 
Picture
A major component of the Affordable Care Act is the Health Benefits Exchange.The Exchange is a tool for small businesses and individuals to obtain health insurance. We are prepared to help you navigate amongst the Business and Individual Exchanges along with the private market programs.

The Affordable Care Act comprises of two Exchanges.

  •       The Individual non business exchange.

  •       The Small Business Exchange ( 2-49 employees).


Along with the Exchanges there will be regular market programs for additional benefit options.

We are still waiting for guidance from the State concerning the rules and regulations.

The first phase is to begin October 2013 for implementation January 2014.

Note: the penalty for large employers (50+ on the payroll) has been pushed off till 2015

However:

The penalty for employees still remains. Those employees will have to obtain coverage or be penalized.

At Mainline Insurance we are prepared to deliver guidance to navigate during these changing times.

Many employees that have to go to the Individual Exchange will receive subsidies from the government to help them afford their coverage.

The education and certification process has started. Mainline Insurance has been certified and authorized to offer plans on the NYS Health Benefits Exchange.  It appears it is taking the State some time to get the curriculum together along with the insurance companies still not delivering plan design and rates for plans offered on the exchange and in the private market.

I anticipate the pace to pick up now since October is right around the corner.

Stay tuned as the Affordable Care Act unfolds and we break it down for you.

Regards,

Vincent

0 Comments



Leave a Reply.

    Picture

    Author

    Mainline President Vincent Reda is a Healthcare specialist with 40 years of experience in providing healthcare coverage to individuals and organizations.

    View my profile on LinkedIn

    Categories

    All
    Affordable Care Act
    Emblem Health
    Healthcare Exchange
    Healthcare Reform Act
    Medicare
    Small Group Coverage

    Archives

    October 2018
    September 2017
    July 2017
    June 2016
    August 2014
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013

    RSS Feed

Call us today

(631) 543-5242

Speak with a Licensed Insurance Agent
​Mon-Fri 9am-6pm
Subscribe to Newsletter
Mainline Insurance Inc. 
366 Veterans Memorial Highway, Suite #4
Commack, NY 11725

Home | Privacy Policy  | About Us | Credits 
Copyright © 2022
  • Group Health Insurance
    • Voluntary Employee Benefits
    • List of Carriers
  • Individual Health Insurance
  • Medicare
    • Medicare Supplement Plan
  • Life Insurance
  • About Us
    • Industry News