Park City, Utah (PRWEB) July 15, 2013
Today, Zane Benefits, the online alternative to group health insurance, published new information on the Oklahoma Health Insurance Exchange.
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.
Oklahoma will default to a federally-facilitated health insurance exchange. The Oklahoma Health Insurance Exchange will open for enrollment on October 1, 2013, with coverage starting January 1, 2014.
According to Zane Benefits’ website, the Oklahoma Health Insurance Exchange will be operated through a federally-run health insurance exchange, also called the Health Insurance Marketplace. Starting in October 2013, Oklahoma residents will be able to access information about all the plans available through the Exchange. The SHOP Exchange will also be available to Oklahoma small businesses with fewer than 100 employees.
A key part of the Oklahoma Health Insurance Exchange is that eligible individuals and families will be able to access individual premium tax subsidies, capping the cost of their premium between 2% to 9.5% of income. Individuals qualify if their household income is up to 400% of the federal poverty level, and they are not offered qualified, affordable insurance through their employer. The Exchange will also screen for Medicaid and public assistance programs.
According to an estimate by healthcare.gov, 646,500 or 20% of Oklahoma’s non-elderly residents are uninsured. Oklahoma officials estimate that ~210,000 Oklahomans will be eligible to purchase insurance through an exchange.
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/2013/7/prweb10929052.htm.
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