Posted January 24, 2013
On January 1, 2014, Americans will have access to health insurance through the state exchange program, as directed under the Affordable Care Act. Each state was given the choice of developing an exchange option: state-based, federal, or a partnership.
In December 2012, states confirmed their plans:
- 19 opted for a state-based exchange
- 7 selected a partnership exchange
- 25 defaulted to the federal exchange
According to government regulations, insurance companies selling plans within the federal exchange will be charged a fee equivalent to 3.5 percent of their premiums, which will be passed onto customers.
Read more about the state health exchanges at these links:
Do you understand how health care reform impacts you? Where are you finding the best information?