Florida Health Insurance Exchanges: Why It Matters

With the state-based health insurance exchanges looming over the horizon. it is indeed necessary to get an in-depth information about these “exchanges” to get lower Florida health Insurance premiums. With the inception of health care reform of President Obama, we have seen numerous changes in health care such as full coverage of preventive care services and establishing a state based “exchange”. But what are these “exchanges” about? How can it help consumers looking for affordable California health insurance plans? An exchange is marketplace where individuals and small business firms can shop and compare different California health insurance plans online.

Plans will be standardized; meaning every plan sold by insurance companies will offer the same benefits to make it easier for consumers to shop for health insurance.

Consumers will simply focus on the cost and quality of the health insurance plan when doing comparison shopping. Views of Republicans On The Issue Of Exchanges Like almost everything else connected with the Affordable Care Act of the Obama administration, state based exchanges are enmeshed in politics.

In California and other states such as Colorado and Maryland. lawmakers have agreed to adopt the legislation in setting up exchanges. However there are Republican governors who threatened not to implement the exchanges unless they get more flexibility over Medicaid. Other states even refuse to implement any part of the health care reform such as Florida. According to some Republicans and other advocates of the law, California health insurance exchanges can give consumers the chance to get affordable CA health insurance plans for it can increase competition between CA health insurance companies and possibly drive down the premiums.

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However, if not done well. insurance experts predict that healthy individuals will opt out from the exchanges and would leave insurance companies insuring sicker people with rising CA health insurance plan premiums. When Will California Health Insurance Exchange Take Place? The new health insurance marketplace is said to take its full course on January 1, 2014. By that time. all states are expected to have set up their state based exchanges. If they fail to do so, the federal governmentwill be the one in charge to run the exchange for that state. Can Everyone Participate In The Exchange? The exchanges will initially be opened only for individuals buying their own CA health insurance and employees of small business firms. Most Americans will still have to get health coverage through their Jobs. Immigrants without documents will also be barred from buying through the exchanges. lfyou are a member or a staff of the Congress. you will be required to buy your health insurance for California through the state exchange.

For other federal employees, you can freely get health care coverage Without using the exchange. According to the Congressional Budget Office. they are estimating about 11.5 million Americans will use the exchanges in 2014 and will double in 2018. How Much Will California Health Insurance Plans Cost? The premiums depend on the type of plan and your location. There are four different types of plan offered based on the level of benefits. You can choose from bronze. silver. gold and platinum plans. Insurance companies are not allowed to charge premiums based on your gender or health status. However, they are allowed to increase up to three times the rate of younger individuals for seniors. What Are The Coverage For Each Plan? As said by the Obama administration. there will be a set of ”essential benefits” offered for every CA health insurance plan sold through the exchange. The benefits are still being planned but it would surely include emergency, drug, hospital, laboratory services, maternity and pediatric Care.