States in Medica’s service area announced their decisions this week on the option announced by President Obama on Thurs., Nov. 14, 2013, to permit insurers to extend individual and small group health insurance plans that were in effect on Oct. 1, 2013, and do not meet Affordable Care Act (ACA) requirements for minimum essential coverage. [...]Read More »
On Thurs., Nov. 14, 2013, President Obama gave states the option of permitting insurers to extend individual and small group health insurance plans that were in effect on Oct. 1, 2013, and do not meet Affordable Care Act (ACA) requirements for minimum essential coverage. What does this mean? The president’s proposal was made in response [...]Read More »
The Affordable Care Act (ACA) provides two mechanisms by which consumers who qualify may receive financial assistance. One reduces the cost of private health care insurance through advance premium tax credits (APTC). The second reduces the out-of-pocket costs associated with receiving health care services for low-income households through cost-sharing reductions (CSR). Advance Premium Tax [...]Read More »
Consumers who have purchased individual, family or small group coverage on a health insurance marketplace such as MNsure should not expect their enrollment in their selected qualified health plan (QHP), such as Medica, to occur immediately. This is because the marketplace must electronically transmit enrollment information to the health plan via a HIPAA-compliant transaction called [...]Read More »
The U.S. Department of Health and Human Services (HHS) issued guidance Oct. 28, 2013, that effectively extended the 2014 enrollment deadline for individuals to avoid making a shared responsibility payment on their 2014 tax return filed in the spring of 2015. The Affordable Care Act (ACA) allows for individuals to enroll in coverage up until [...]Read More »
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Can multiple children be on the same child-only policy?
Who will verify dependent eligibility for applicants to the exchange?
Will there be a universal standard application for enrollment through the exchange?
Are there any restrictions on movement between carriers during special open enrollment periods?