Health Insurance Marketplace

An important component of Health Care Reform is the availability of a health insurance exchange.

A health insurance exchange is a transparent, centralized marketplace that will offer a choice of affordable, high-quality health insurance plans to individuals and small businesses.

Licensed agents, agencies, and brokers such as MedeQuote who have been certified by the state and federal government will be able to assist with enrollment process.

Plan enrollments are to begin October 1, 2013 with a coverage effective date of January 1, 2014.

The Health Insurance Marketplace

The Health Insurance Marketplace is the place where individuals and families who are eligible for health insurance premium subsidies will go to apply for individual health insurance.

Health Insurance Coverage for you and your family

When you use the Health Insurance Marketplace, you’ll fill out an application and see all of the health plans available in your area. You’ll find out if you can get lower costs on your monthly premiums for private insurance plans. You’ll learn if you qualify for lower out-of-pocket costs.

The Marketplace will also tell you if you qualify for free or low-cost coverage available through Medicaid or the Children’s Health Insurance Program (CHIP).

Starting October 1, 2013, you can come here to fill out an application and see your plan choices. In the meantime, we can help you get ready.

(SHOP) Small Business Health Options Program

The Small Business Health Options Program (SHOP) is a new program that simplifies the process of buying health insurance for your small business.

Health Insurance Coverage For Your Small Business

For 2014, the SHOP Marketplace is open to employers with 50 or fewer full-time-equivalent employees (FTEs).

The advantages of using SHOP include:

  • You control the coverage you offer and how much you pay toward employee premiums.
  • You can compare health plans online on an apples-to-apples basis, which helps you make a decision that’s right for your business.
  • You may qualify for a small business health care tax credit worth up to 50% of your premium costs.
  • You can still deduct from your taxes the rest of your premium costs not covered by the tax credit.
  • Beginning 2014 the tax credit is available only for plans purchased through SHOP.

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