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?
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.
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.
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.