Health Insurance Exchanges
The new law provides for the development of health insurance exchanges that will facilitate the coverage of millions of Americans. Each state will create a health benefit exchange where individuals and small businesses can purchase insurance. These new marketplaces will promote consumer transparency so Americans are able to make informed decisions about their health care.
The concept of exchanges promotes healthy competition within a marketplace and puts all insurance products on a level ground financially so that consumers can base their health care purchases on quality, service, and value.
To see what exchanges will do CLICK HERE
To learn about the main issues facing Small Business right now, please CLICK HERE.
With the signing of the Patient Protection and Affordable Care Act (PPACA) the following changes will be effective for plan years beginning six months after the legislation’s enactment (September 23, 2010):
This bill is only the beginning. There are still many issues that need to be addressed in the coming years as the phases of this plan roll out.
To see changes CLICK HERE
Impact on Employers
The vast amount of legislation affecting health care means many changes for employers of all sizes.
To learn more about the impact CLICK HERE
Timeline for Change
Most provisions of the health care bill won’t go into effect until 2014, with some provisions not going into effect until 2015 or beyond. See our link to the Health Reform Implementation Timeline.
Benefit Brokers of WNY
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Phone: 716.524.6740 | Fax: 716.639.3950
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