Navigation Links
Zane Benefits Publishes New Information on Rhode Island Health Insurance Exchange

Park City, UT (PRWEB) May 13, 2013

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

According to Zane Benefits’ website, starting 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 (e.g. the small business healthcare tax credits) and tax subsidies (e.g. individual health insurance tax subsidies) will only be available for coverage purchased via a state health insurance exchanges.

All states have three options for setting up a state health insurance exchange for 2014:
1. Build a State-Based Exchange
2. Enter into a State-Federal Partnership Exchange
3. Default to a Federally-Facilitated Exchange

Rhode Island will offer a state-based health insurance exchange that will open October 1, 2013 (for coverage starting January 1, 2014).

Rhode Island Health Insurance Exchange

According to Zane Benefits’ website, the Rhode Island Health Insurance Exchange, called Rhode Island Health Benefits Exchange, will aim to connect residents and small businesses to affordable health insurance. The Exchange will give individuals and small businesses online and in-person access to compare health insurance options and learn if they qualify for the tax credits/subsidies or public health insurance programs.

According to message from Governor Lincoln Chafee, "On behalf of employers, the Exchange will be actively negotiating with health insurance companies to develop new and innovative insurance products. In addition, it will offer easy comparisons, access to tax credits for qualifying businesses, as well as new ways to buy insurance that provide value to employers. The Health Benefits Exchange will push to make insurance choices clearer and costs more affordable and predictable."

According to Zane Benefits’ website, the Small Business Health Options Program ("SHOP" Exchange) will also be up and running for October, according to a statement by Exchange Executive Director Christie Ferguson in a recent Rhode Island Public Radio article. " 'SHOP is on schedule and we’re going to have employee choice in Rhode Island. And we’re going to be one of the only states in the country to do that for small businesses,' said Ferguson". This comes after the federal government has delayed the requirement for the SHOP to offer the "employee choice" option until 2015.

There are approximately 100,900 uninsured Rhode Island non-elderly residents (12%). Of these, estimates that 91,380 (91%) may qualify for either tax credits to purchase coverage in the Exchange or for Medicaid if Rhode Island participates in the Medicaid expansion.

The Exchange is currently building the online portal and has hired a vendor. The Exchange is scheduled to open to consumers October 1, 2013.

History of Rhode Island Health Insurance Exchange

According to Zane Benefits’ website, after the Affordable Care Act passed in 2010, Rhode Island attempted to to pass exchange legislation in 2011 (SB 87). However, the legislation failed and in September 2011 Governor Lincoln Chafee signed Executive Order 11-09 to establish the Rhode Island Health Benefit Exchange. The Executive Order established the Exchange as “a Division within the Executive Department.” It is the only state exchange in the US that was not established by legislation.

Rhode Island received conditional approval from the U.S. Department of Health and Human Services to establish a state-based exchange in December 2012.

Insurance Plan Available Through the Rhode Island Health Insurance Exchange
According to Zane Benefits’ website, the plans offered through the Rhode Island Health Insurance Exchange will be Qualified Health Plans (QHPs) as defined by the Affordable Care Act, and will be offered in "metal" plans to compare cost and coverage.

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

Read the full story at

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:
(Date:11/26/2015)... ... 26, 2015 , ... PRMA Plastic Surgery is updating their record books yet ... 6,000th free flap breast reconstruction surgery! , “What an accomplishment for the PRMA team, ... lives and it’s an honor to have served all of these women.” , PRMA ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... potentially more aggressive than those found on mammography, according to a study published ... of additional cancers not seen on mammography may necessitate a change in treatment. ...
(Date:11/25/2015)... ... 25, 2015 , ... TyloHelo Inc , North America’s ... Sauna accessories help improve the bather experience in the sauna, and the accessories ... the purist looking for simplicity in design to accessories that encourage a greater ...
(Date:11/25/2015)... ... November 25, 2015 , ... According to an article ... being more and more widely heralded as a breakthrough for performing hernia repairs. The ... over traditional laparoscopic surgery is that it can greatly reduce the pain that a ...
(Date:11/25/2015)... ... November 25, 2015 , ... The McHenry County law firm of ... decision obtained by Attorneys Francisco J. Botto and Alex C. Wimmer. Attorneys Botto and ... Comm’n, 2015 IL App (2d) 130884WC. , According to court documents, Adcock testified that ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... MELVILLE, N.Y. , Nov. 25, 2015  Henry ... products and services to office-based dental, medical and animal ... Dental (GNYDM) Meeting the Henry Schein ConnectDental® Pavilion ... industry,s broadest array of open solutions designed to help ... Click here for a schedule of ...
(Date:11/25/2015)... DIEGO , Nov. 25, 2015  Trovagene, Inc. ... diagnostics, today announced that Chief Executive Officer Antonius Schuh, ... the 27 th Annual Piper Jaffray Healthcare Conference. ... at the New York Palace Hotel in ... at 1:30 p.m. EST. Mr. Schuh will be available ...
(Date:11/25/2015)... International plc (NASDAQ: ENDP ) (TSX: ENL) today announced ... discuss corporate updates at the 27 th Annual Piper ... on Wednesday, December 2, 2015 at 1 p.m. ET. ... the link to the event. Participants should allow approximately 10 ... site and download any streaming media software needed to listen ...
Breaking Medicine Technology: