Recently, HHS re-branded health insurance exchanges as "Health Insurance Marketplaces". Here's an overview of the new Health Insurance Marketplace in the administration's words (taken directly from the HHS website). What do you think?
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This article provides a quick overview of the individual shared responsibility payment, and two examples of the payment for 2014.
How Much is the Individual Shared Responsibility Payment?
The Individual Mandate and the Affordable Care Act
What is the Obamacare Individual Mandate?
Under the Affordable Care Act’s Individual Mandate, most Americans are required to have health insurance, or pay a tax penalty if they don't. This Obamacare rule is called the “Individual Mandate” or “Individual Shared Responsibility Fee” and started in 2014.
This state by state guide to the new Health Insurance Marketplaces provides an overview of the Marketplaces and how each state will structure their Marketplace. To summarize, starting in 2014 health insurance coverage for individuals and small businesses will become available through new state health insurance marketplaces.
As of 2014, there is a big change in individual health insurance. Employees can only enroll in guaranteed-issue individual health insurance during specific open enrollment periods and special enrollment periods. Employees are eligible for a special enrollment period if they have a qualifying event.
Starting in 2014, the Individual Health Insurance Marketplaces will make it simple and more affordable for employees to get health insurance that can't be canceled or denied because of a pre-existing medical condition. Read on for Frequently Asked Questions regarding the individual health insurance marketplace.
On January 14, the Centers for Medicare & Medicaid Services (CMS) announced it will extend transitional coverage to those currently enrolled in the Pre-Existing Condition Insurance Plan (PCIP) until March 31, 2014. PCIP has been the federal health insurance risk pool, created in 2010 by health reform.
One big change brought on by the Affordable Care Act (ACA) is that individual health insurance plans will have open enrollment periods — set times when people can buy a qualified health plan through the Health Insurance Marketplace, or outside the Marketplace from an insurer or agent.
Starting in 2014, health insurers will be prohibited from denying coverage to people in the individual health insurance marketplaces because of a pre-existing medical condition. This is commonly referred to as "guaranteed-issue."
The Affordable Care Act’s pre-existing condition exclusion provision prohibits health insurers from denying coverage to individuals because of a pre-existing health condition. This provision is also referred to as "guaranteed-issue" because everyone - regardless of health conditions - is guaranteed to be issued health coverage.
There are now annual open enrollment periods for guaranteed-issue individual health insurance. The chart below displays the annual open enrollment periods for 2015 through 2020.