Affordable Insurance Exchanges

Starting in 2014, Exchanges will allow individuals and small businesses to compare health plans, get answers to questions, find out if they are eligible for tax credits for private insurance or health programs like the Children’s Health Insurance Program (CHIP), and enroll in a health plan that meets their needs.

Through the Exchanges, individuals will be able to find out if they are eligible for programs to make insurance more affordable, such as:

In 2014, taxpayers with household incomes between 100 percent and 400 percent of the Federal Poverty Level will be eligible for premium tax credits for coverage purchased through the Exchanges for themselves and members of their family who are not eligible for other health care coverage.

Medicaid coverage is extended to adults under the age of 65 earning up to 133 percent of the Federal poverty level.

In addition to the exchange, other programs are now or will be available such as:

Consumer Operated and Oriented Plans (CO-OPs)

By William F. Schaake, CIC, CRM  © 2012