Navigation Links
Zane Benefits Publishes New Information on the South Carolina Health Insurance Exchange
Date:5/26/2013

Park City, Utah (PRWEB) May 26, 2013

Today, Zane Benefits, Inc. published new information on the South Carolina 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 (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 through a state Health Insurance Exchange.

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.

In November 2012, South Carolina announced they would default to a federally-facilitated Health Insurance Exchange. The South Carolina Health Insurance Exchange will open October 1, 2013, for coverage beginning January 1, 2014.

History of the South Carolina Health Insurance Exchange

According to Zane Benefits’ website, originally South Carolina explored creating a state-based Health Insurance Exchange. In March 2011, Governor Nikki Haley created the South Carolina Health Planning Committee via Executive Order 2011-09. The purpose of the Committee was to recommend if and how South Carolina should establish a state-based Exchange. The committee recommended that South Carolina not establish a state-based Exchange siting ambiguous operational guidance and rules. In November 2012, Governor Haley informed the Department of Health and Human Services (HHS) that South Carolina would default to the federally-facilitated Health Insurance Exchange.

South Carolina Health Insurance Exchange - What is It?

According to Zane Benefits’ website, the South Carolina Health Insurance Exchange will be operated through a federally-run Health Insurance Exchange (branded as the "Marketplace"). According to healthcare.gov, 726,847 or 18% of South Carolina's non-elderly residents are uninsured, of whom 684,987 (94%) may qualify for either tax credits to purchase coverage in the Marketplace or for Medicaid if South Carolina participates in the Medicaid expansion.

Through the Exchange, South Carolina residents will be able to 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. The SHOP Exchange will be available to small businesses in South Carolina for businesses with 100 or fewer employees. Coverage starts January 1, 2014. More information on the federally-run Health Insurance Marketplace can be found here.

South Carolina Health Insurance Exchange - What Plans Will be Available?

According to Zane Benefits’ website, all plans offered through the South Carolina 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 South Carolina, 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/prweb10770937.htm.


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

Related medicine news :

1. Zane Benefits Publishes New Information on the Health Insurance Marketplaces
2. Zane Benefits Publishes New Information on the Indiana Health Insurance Exchange
3. Zane Benefits Publishes New Information on the Employer Mandate
4. Live Lead Pros Announces The Benefits of Comprehensive Campaign Delivery and Management System
5. PCMA: Upgrading Medicaid Drug Benefits Could Save Florida $2.1 Billion
6. Bel Marra Health Reports on a New Study Revealing Health Benefits From Walking Barefoot
7. Zane Benefits Publishes New Information on Alabama Health Insurance Exchange
8. Zane Benefits Publishes New Information on HRA, HSA and FSA Accounts
9. Benefits of Pharmacy Home Delivery Report Published by MedEx Direct
10. Zane Benefits Publishes New Information on Small Business Health Insurance
11. Exciting New Skin Brushes at Sublime Beauty® Bring Health and Beauty Benefits; Celebrities and Models Know the Secret
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/23/2017)... ... July 23, 2017 , ... ... leading provider of education and training standards for healthcare treatment providers, offers ... Traditional Certification: the iaedp™ Core Curriculum. , Presented as either online or ...
(Date:7/23/2017)... , ... July 23, 2017 , ... ... thus improving communication, safety and patient-provider relationships. New tools are helping patients become ... of the 19th Annual Health Care’s Most Wired® survey, released today by the ...
(Date:7/22/2017)... ... July 21, 2017 , ... Reassured For Life ( http://www.reassured.ca ), is now ... owner and licensed broker Nerissa McNaughton. “I launched this firm because I know talking ... a very necessary conversation. I make it easy. As a broker I have access ...
(Date:7/21/2017)... ... July 21, 2017 , ... ... financial consultations to communities in the greater Denver region, is announcing a charity ... with a very rare kind of epilepsy. , Until a few months ago, ...
(Date:7/21/2017)... ... 21, 2017 , ... Fresh Wave® IAQ today announced the launch of its ... and universities at the APPA 2017 Annual Conference and Exhibition in Booth ... odors without the use of harsh chemicals, Fresh Wave IAQ Smoke Away Air & ...
Breaking Medicine News(10 mins):
(Date:7/10/2017)... 2017 The Institute for In Vitro Sciences ... recipient of a VITROCELL® inhalation exposure system thanks to ... The device, which is designed to replace animals in ... cells to airborne test materials in an environment that ... system for testing combustible tobacco products, as well as ...
(Date:7/5/2017)... England , July 5, 2017 Wolfmet ... perfect answer as physics and manufacturing combine to progress molecular ... thyroid, existing SPECT systems are unable to accurately quantify the ... only limited information regarding the success of this radiotherapy treatment ... ...
(Date:6/30/2017)... Md. , June 30, 2017 In ... since the start of May, at least ten diagnostic ... include private investments, public offerings and a loan facility.  ... million to almost $80 million.  Kalorama Information provides a ... of its Diagnostics Knowledge Center. ...
Breaking Medicine Technology: