Navigation Links
Zane Benefits Publishes New Information on the Michigan Health Insurance Exchange
Date:5/3/2013

Park City, Utah (PRWEB) May 03, 2013

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

According to Zane Benefits’ website starting in 2014, as part of health care reform, health insurance coverage for individuals and small businesses will become available through new state health insurance marketplaces. 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: Build a state-based exchange, enter into a state-federal partnership exchange or default to a federally-run exchange. Michigan initially planned on offering a state-based or state-federal partnership exchange but announced in March 2013 it will default to a federally-facilitated exchange. The exchange will open to residents October 1, 2013 for coverage starting January 1, 2014.

Michigan Health Insurance Exchange

According to Zane Benefits’ website, the Michigan Health Insurance Exchange will offer individuals, families and small businesses a new way to shop for health insurance. Beginning Oct. 1, 2013, Michigan residents will be able to shop for health insurance, compare plans and access any applicable tax credits to lower the cost of health insurance through the federally-run Marketplace. The SHOP Exchange will also be available to small businesses.

Approximately 1,145,500 or 14% of Michigan’s non-elderly residents are uninsured, of whom 1,072,509 (94%) may qualify for either tax credits to purchase coverage in the Marketplace or for Medicaid if Michigan participates in the Medicaid expansion.

History of Michigan Health Insurance Exchange

According to Zane Benefits’ website, originally Michigan was planning for a state-based or state-federal partnership exchange. Governor Rick Snyder supported the creation of MI Health Marketplace, a nonprofit to oversee the state’s health insurance exchange. However Governor Snyder acknowledged on November 16, 2012, that without authorizing legislation, he would plan for a state-federal partnership exchange. The state began moving in the direction of a partnership in August 2012 due to legislative opposition that left the state unable to meet the federal timetable for implementation. On March 5, 2013, Michigan received conditional approval from the U.S. Department of Health and Human Services (HHS) to establish a partnership exchange.

However, on March 21, 2013 the state Senate recessed without meeting a deadline to vote on accepting federal funds for the exchange causing Michigan to default to a federally-facilitated exchange.

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/prweb10696513.htm.


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

Related medicine news :

1. Impact with Martin Sheen Exploring the Benefits of Electronic Medical Records in New Report
2. Mediterranean Diet Benefits Heart, Even Without Weight Loss: Study
3. Royal Flush Havanese Reviews The Benefits Of Dog Ownership
4. Foul-smelling gas shows health benefits in reducing joint swelling
5. Quorn, Leader in Easy Vegetarian Meals, Explores the Financial Benefits of a Plant-Based, Mediterranean Diet
6. Zane Benefits Publishes New Information on Stand-Alone HRAs for Small Businesses
7. Zane Benefits Publishes New Information on Stand-Alone HRA Plans
8. Zane Benefits Publishes New Information on Small Business Health Insurance
9. Is your migraine preventive treatment balanced between drugs benefits and harms?
10. Few breast cancer survivors maintain adequate physical activity despite benefits
11. The National Association of Conservative Seniors Now Offers Extra Benefits to New Members
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/25/2017)... Marietta, GA (PRWEB) , ... April 25, 2017 ... ... implant and instrument solutions, announces the continuation of its strategic partnership with and ... surgeons in developing nations in the safe and effective management of complex spine ...
(Date:4/24/2017)... ORLANDO, FLORIDA (PRWEB) , ... April 24, 2017 ... ... of telehealth technology yesterday, featuring Bring Your Own Device (BYOD) capabilities at Telehealth ... compliment LG CNS’ pre-packaged telehealth bundles, which pairs medical devices with a pre-programmed ...
(Date:4/24/2017)... ... , ... The Santana Telehealth Project was honored with the 2017 ATA Humanitarian ... Association’s annual conference, on April 23 in Orlando, FL. , “I am proud that ... of the poor and underserved in other parts of the world,” said Jonathan Linkous, ...
(Date:4/24/2017)... ... ... As part of the nationwide Days of Remembrance effort led by the ... Nazi persecution, Center for Medicine after the Holocaust (CMATH) announced that it ... Germany and Poland next week. , The Fourth Biennial CMATH Champions Trip to Germany ...
(Date:4/24/2017)... ... 24, 2017 , ... The bar for just about everything—apparel, eyewear, cars and ... air of pop and film stardom.(1) Not to be left out is that most ... now run the gamut from being encrusted with jewels and precious metals to, at ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... , April 20, 2017  RXi Pharmaceuticals ... innovative therapeutics that address significant unmet medical needs, ... from the Company,s consumer product development program, based ... the Society for Investigative Dermatology (SID) 76 th ... advance and promote the sciences relevant to skin ...
(Date:4/20/2017)... April 20, 2017   ZappRx, Inc ., a digital ... prescribing process, today announced it closed $25 million in Series ... capital firm based in Seattle that ... Partners . The Series B round included participation from ... 2014, and GV (formerly Google Ventures). As part ...
(Date:4/20/2017)... 2017 Eyevensys, a private biotechnology ... gene expression technology that enables the safe, local, sustained ... a wide range of ophthalmic diseases, announces it has ... Regulatory Agency (MHRA) to advance its technology into clinical ... The ...
Breaking Medicine Technology: