CT Launches Insurance Exchange Marketing Campaign

Earlier this week, organizers of Connecticut’s state health insurance exchange outlined a $15 million marketing campaign designed to inform residents of their options before the virtual marketplace opens for enrollment in October. The goal is to reach at least 100,000 of the state’s 344,000 uninsured residents.

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Health Plans Vary Sharply From State to State

With only a few months remaining before Americans will start buying coverage under the the new state health insurance exchanges established under the Patient Protection & Affordable Care Act (PPACA), it is becoming clear how those policies vastly vary from state to state.

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States Face Insurance Exchange Decision

Today is the deadline for state’s to decide if they want to establish a state health insurance exchange, a provision under the Patient Protection & Affordable Care Act (PPACA).

Earlier this week, Colorado, Connecticut, Maryland, Massachusetts, Oregon and Washington were given “conditional” approval while nine other states and the District of Columbia have proposed running their own insurance exchanges which will expand health coverage to 23 million people over next four years.

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Insurers Will Pay To Participate In Health Exchanges

State health insurance exchanges are expected to cost millions of dollars to operate.  As a result, the U.S. Department of Health & Human Services (HHS) has decided to pass a portion of those administrative costs onto insurers.

Any insurer interested in selling in the federally-run exchange program will be charged a monthly “user fee” according to a new proposed rule by HHS. Under the plan, insurers would pay 3.5% of the total premiums received through plans they sell on the federal exchange starting in 2014.

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Health Exchange Application Deadline Extended

HMS Healthcare Management SolutionsLate last week, the Obama administration announced the state-based Exchange Blueprint application had been extended to December 14.

The exchanges, a pillar of the healthcare law, are designed to allow Americans who don’t get coverage through work to buy insurance on the internet.  Though they are slated to be fully operational by next fall, only 15 states, including Connecticut, have established an exchange.

States must notify the federal government by November 16 whether they intend to run their own exchange or defer to Washington.

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Election 2012: What Obama Victory Means For PPACA

President Barack Obama’s election victory earlier this week ensures the Patient Protection and Affordable Care Act (PPACA) will move forward guaranteeing access to health insurance for every American beginning in 2014.

In order to move forward, two main features of the law need funding from Congress: health insurance exchanges and the expansion of Medicaid, the later which greatly expands the number of Americans who would qualify for coverage.

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Deadline Set For State Healthcare Exchange Proposals

Earlier this week, the Obama administration announcing a November 16 deadline for state governments to submit proposals showing how they intend to operate health insurance exchanges in 2014.

The Department for Health and Human Services (HHS) released a detailed blueprint of the legal and operational requirements states must meet in their proposals if they expect to win federal approval to begin operating regulated insurance markets, in whole or in part, by January 1, 2014, when the 2010 law is scheduled to come into full force.  The administration also released guidelines for assisting states that could be unable to offer full exchange services by 2014 and for establishing federal exchanges in states that are unwilling to participate.

The exchanges are part of the Affordable Care Act sweeping package of federal health care reform passed last year. Earlier this month, Connecticut’s Governor Dannel Malloy signed legislation that lays out the structure for Connecticut’s exchange. The state has recently applied for about $6 million in grant money to help set up its exchange which would be added to the $1 million in federal money already received to aid in planning its exchange.

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