Navigation Links
Zane Benefits Publishes New Information on Applying for Individual Health Insurance in 2014
Date:8/28/2013

Park City, Utah (PRWEB) August 28, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on applying for health insurance in 2014.

According to Zane Benefits’ website, recently common questions about what actions to take with the new health insurance exchanges have become very common, such as, how will people apply for individual health insurance post-2014? And, how will the process work?

Employees that are familiar with applying for individual health insurance now need to be aware that the application process will change in 2014 because of health care reform. Employees that aren’t familiar with applying for individual health insurance, need to learn what actions are going to be required.

The biggest tip for any employer or employee is: work with a health insurance agent to help employees navigate insurance plan options, the new marketplaces, and the federal premium tax subsidies. Agents are an invaluable resource and will end up saving the company money on health insurance.

Here's an overview for employees on how individual health insurance works, what to expect when applying for individual health insurance, and how to apply for individual health insurance post-2014.

Any individual or employee can purchase an individual health insurance plan. There are many choices when it comes to selecting a plan. Agents and brokers are available to help advise, and purchase a plan through (recommended), an individual can purchase a plan alone via the public new health insurance marketplaces, or directly from the insurance company.

To receive tax credits, insurance must be purchased through a public health exchange, with an agent or individually. The public health insurance marketplaces will open for shopping and enrollment October 1, 2013, with plan coverage starting January 1, 2014.

The individual will select the insurance company, the plan, and the options that best fit them and their family (such as what is covered, network of doctors, deductibles, co-insurance, etc).

Once purchased, the plan is still customizable. Unlike most employer plans, plan options, coverage items, and even the health insurance company can be changed at any time. In addition, the plan is portable. The plan will stay with the insured, even if he/she leave his/her employer.

There are four significant changes happening to individual health insurance in 2014 because of health care reform ("ObamaCare").

(1) Guaranteed-Issue: Medical underwriting goes away and all plans will be "guaranteed-issue". This means that all individuals will be accepted regardless of health status, and will not pay more because of health status. The only uprating (charging more) allowed will be for tobacco use, age, and location. Even so, there are limits on the amount an insurance company can up-rate for these factors.

(2) Federal Premium Tax Subsidies: Premium tax subsidies will be available to eligible individuals, for plans purchased through the individual health insurance marketplaces. Households with income between 100% and 400% of FPL who purchase coverage through a state (individual) health insurance exchange are eligible for a premium tax subsidy to reduce the cost of coverage. To be eligible, employees cannot be offered affordable, qualified health insurance through their employer.

(3) Essential Health Benefits: Starting in 2014, all plans will be required to include essential health benefits, a core package of items and services.

(4) Open Enrollment Periods: There will be set open enrollment periods when employees can enroll in guaranteed-issue health insurance. The first open enrollment period is October 1, 2013 to March 31, 2014.

Click here to read the 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 small businesses 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/2013/8/prweb11061487.htm.


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

Related medicine news :

1. Report Released By the National Academy of Social Insurance This Month Shows Georgia To Be One of 22 States Whose Workers’ Compensation Benefits Payments Dropped in 2011
2. Onnit Introduces Orangutan Kettlebell to Primal Bell Series, Benefits The Orangutan Project
3. Zane Benefits Publishes New Information on Utah Health Insurance Exchange Rates
4. Zane Benefits Publishes New Information on Florida Health Insurance Exchange Rates
5. Zane Benefits Publishes New Information on How Many Americans will Qualify for Premium Tax Credits
6. Zane Benefits Publishes New Information on Maryland Health Insurance Exchange Rates
7. 246 Study Participants Reported the Health Benefits of the TA-65 Telomerase Activator
8. More People Discovering Dry Skin Brushing and Its Benefits: Sublime Beauty Brush Available Now
9. Zane Benefits Publishes New Information on the Delay in ObamaCare Consumer Protection.
10. Zane Benefits Publishes New Information on Health Insurance Broker Exiting
11. Zane Benefits Publishes New Information on Brokers and Defined Contribution
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are ... Code Talker Award, an essay contest in which patients and their families pay tribute ... presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty ... Barry M. Weintraub as a prominent plastic surgeon and the network’s newest partner. ... and the most handsome men, look naturally attractive. Plastic surgery should be invisible.” ...
(Date:6/24/2016)... ... June 24, 2016 , ... Strategic Capital Partners, LLC (SCP) ... obtaining investment capital for emerging technology companies. SCP has delivered investment events ... in more than a million dollars of capital investment for five companies. ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group (VCG) ... held on June 20th at the Woodmont Country Club at 1201 Rockville Pike, ... organization dedicated to helping service members that have been wounded in battle and their ...
(Date:6/24/2016)... Gilbert, Arizona (PRWEB) , ... June 24, 2016 ... ... Gilbert-based practice, is supporting the upcoming 2016 Miss Arizona pageant as its official ... primarily serves Scottsdale, Tempe, Mesa, and Chandler, Arizona. , Dr. Olson says ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Roche (SIX: RO, ROG; OTCQX: RHHBY) announced that it ... (procalcitonin) assay as a dedicated testing solution for people ... Roche is the first IVD company in the U.S ... assessment and management. PCT is a sepsis-specific ... blood can aid clinicians in assessing the risk of ...
(Date:6/23/2016)... , June 23, 2016 Research and ... News Issue 52" report to their offering. ... influenza treatment creates a favourable commercial environment for MedImmune to ... patient base that will serve to drive considerable growth for ... would serve to cap sales considerably, but development is still ...
(Date:6/23/2016)... RIDGE, Ill. and INDIANAPOLIS ... of students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship ... The 2016 scholarship winners, announced today online at ... to let type 1 diabetes stand in the way ... Diabetes has supported the Foundation,s scholarship program since 2012, ...
Breaking Medicine Technology: