Navigation Links
Zane Benefits Publishes New Information on Alabama Health Insurance Exchange
Date:5/22/2013

Park City, UT (PRWEB) May 22, 2013

Today, Zane Benefits, Inc. published a new information on the Alabama Health Insurance Exchange. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution plans and health reimbursement arrangements.

According to Zane Benefits’ website, beginning in 2014 as part of the Affordable Care Act (ACA), health insurance coverage for individuals and small businesses will become available through new state health insurance exchanges. Most importantly, the key tax credits and tax subsidies will only be available for coverage purchased through a state health insurance exchanges.

In general, all states have three options for setting up a state health insurance exchange for 2014: build a State-Based Exchange, enter into a State-Federal Partnership Exchange or default to a Federally-Facilitated Exchange.

Alabama will default to a federally-facilitated health insurance exchange. The Alabama Health Insurance Exchange will open October 1, 2013, with coverage beginning January 1, 2014.

History of Alabama Health Insurance Exchange

According to Zane Benefits’ website, Alabama Governor Robert Bentley announced in November 2012 that the state would default to a federally-run Exchange, however initially Alabama supported developing a state-based exchange.

In June 2011, Governor Bentley created the Alabama Health Insurance Exchange Study Commission to recommend how Alabama should establish a Health Insurance Exchange (via Executive Order 17). In November 2011 the Commission endorsed the establishment of the “Alabama Health Insurance Marketplace.” In May 2012 a bill establishing a state exchange passed in the House, however the bill failed to pass the Senate and the bill died at the end of the 2012 legislative session. Therefore, Alabama will default to the federally-run Exchange.

Alabama Health Insurance Exchange

According to Zane Benefits’ website, the Alabama Health Insurance Exchange will be operated through a federally-run Health Insurance Exchange called the "Health Insurance Marketplace." According to healthcare.gov, starting in October 2013 Alabama residents will be able to access information about insurance plans available through the Marketplace. The SHOP Exchange will be available to small businesses in Alabama for businesses with 100 or fewer employees. Coverage starts January 1, 2014.

According to an estimate by healthcare.gov, 642,738 or 16% of Alabama’s non-elderly residents are uninsured. Through the Exchange, Alabama residents can shop for and compare insurance plans, access insurance premium tax credits, and be screened for eligibility in public assistance programs such as Medicaid and CHIP. More information on the federally-run Health Insurance Marketplace can be found here.

Plans Available Through the Alabama Health Insurance Exchange

According to Zane Benefits’ website, all plans offered through the Alabama Health Insurance Exchange will meet the federal ACA definition of a Qualified Health Plan (QHP). The plans will be offered by level of coverage for essential health benefits (EHB), to allow consumers to compare plans on an "apples to apples" basis. The four "metal" levels are: Bronze (plan pays 60%), Silver (plan pays 70%), Gold (plan pays 80%) and Platinum (plan pays 90%). More information on the types of plans that will be available, and the carriers offering plans in Alabama, is expected by late summer 2013.

Click here to read full article.

--

About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10760720.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Talking to Yourself Could Have Mental Benefits
2. Research examines when benefits of screening mammography outweigh the harms for women in their 40s
3. Everyday fish oil capsule may provide kidney-related benefits
4. Back Pain Therapy Often Yields Early Benefits: Study
5. Benefits of Widespread Statin Use Outweigh Risks: Study
6. Accelerated chemotherapy given before surgery benefits patients with muscle-invasive bladder cancer
7. Experts call for clinical trials to test non-skeletal benefits of vitamin D
8. Flu shot during pregnancy shows unexpected benefits in large study
9. Zane Benefits Announces Wellness HRAs: A New Way to Reward Healthy Employees
10. Tai Chi increases brain size, benefits cognition in randomized controlled trial of Chinese elderly
11. MTSS-mba Membership Benefits Administration Software for Private and Taft-Hartley Employee Benefit Funds Releases New Pension Modules
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... NJ (PRWEB) , ... May 26, 2016 , ... ... recognized as an NJ Top Doc! Along with his wonderful accolades and stellar ... in podiatry. Congratulations, Dr. Batelli! , Dr. Eugene Batelli is a highly ...
(Date:5/26/2016)... ... May 26, 2016 , ... Power Systems, ... the first PowerWave Instructor Certification Course in Stoughton, Massachusetts. The course was led ... professional through the 8 hour interactive course to qualify participants as certified PowerWave ...
(Date:5/26/2016)... ... May 26, 2016 , ... Bunion Bootie , the manufacturer ... treatment was more than humbled by customer demand over the Mother’s Day Weekend promotion. ... sale. Now that Bunion Bootie has completely replenished its inventory levels, it hopes to ...
(Date:5/26/2016)... ... May 26, 2016 , ... OncLive® , a ... Cancer Institute-designated University of Virginia (UVA) Cancer Center to its quickly ... and marketing teams will publicize and promote public awareness of UVA Cancer Center’s ...
(Date:5/26/2016)... ... May 26, 2016 , ... On May 23rd during the National Eye ... and international water advocate, was honored by Ashram, Inc. as the world’s foremost water ... knelt on the banks of the Nile to fill their red clay pots with ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... , May 26, 2016 Since ... matured into an essential life science tool for conducting ... applications. BCC Research reveals in its new report that ... growth phase, one powered by a range of new ...      (Logo: http://photos.prnewswire.com/prnh/20140723/694805 ) , ...
(Date:5/25/2016)... PARIS , May 25,2016 ... with the near-infrared Cellvizio platform for urological and ... MKEA, OTCQX: MKEAY) inventor of Cellvizio®, the multidisciplinary ... important regulatory milestone in the US with the ... Food and Drug Administration (FDA). This new FDA ...
(Date:5/25/2016)... 25, 2016 According to a ... (3D, 2D, 4D), by Therapeutic Area (Oncology, Cosmeceutical/Plastic Surgery), ... (Medical Device Manufacturers, Hospitals/ Clinics) - Forecast to 2021", ... Animation Market for the forecast period of 2016 to ... Million by 2021 from USD 117.3 Million in 2016, ...
Breaking Medicine Technology: