HHS releases final rule on insurance exchanges.
The Centers for Medicare and Medicaid Services (CMS) is proposing standards for insurance exchanges under the Affordable Care Act. In a proposed final regulation released on Friday, June 14th 2013 the feds outlined these new programs. Understanding how they work is important because they will be the place where individuals small companies can purchase health insurance once fully implemented. They must also become a part of your vocabulary as a small business owner because they are the mechanism that could trigger penalties for businesses over 50 not offering acceptable coverage according the ACA.
What is a health insurance exchange aka marketplace? Click this video for an explanation in less than one minute and listen to this segment of America’s Healthcare Challenge for a comprehensive breakdown.Details