Park City, Utah (PRWEB) April 18, 2013
Today, Zane Benefits, Inc. published a new guide on the New York Health Insurance Exchange. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.
According to Zane Benefits’ website, starting in 2014, as part of the Affordable Care Act (ACA), health insurance coverage for individuals and small businesses will become available through new state health insurance exchanges. New York will offer a state-based exchange under the name New York Health Benefit Exchange.
New York Health Insurance Exchange - NY Health Benefit Exchange
According to Zane Benefits’ website, the NY Health Benefit Exchange will be a new online marketplace designed to help NY residents shop for and enroll in health insurance coverage, and access tax subsidies and credits. The NY Health Benefit Exchange will have two programs: Individual marketplace for individuals and families, and small businesses "SHOP" exchange (for employers with 50 or under employees in 2014).
Insurance coverage can be purchased through the NY Health Benefit Exchange beginning in October 2013, for coverage effective January 1, 2014.
Today nearly 2.7 million New Yorkers under age 65, about 16%, do not have health insurance
coverage. The Exchange estimates 1 million people will purchase policies through the exchange in 2014, 44% through the SHOP exchange and 56% through the individual exchange.
New York Health Insurance Exchange - History
According to Zane Benefits’ website, after the New York State legislature failed to pass exchange legislation, Governor Andrew Cuomo signed Executive Order 42 on April 12, 2012, to establish the New York Health Benefit Exchange. The Executive Order establishes the New York Health Benefit Exchange “within the Department of Health” and gives the Exchange authority to work in conjunction with the Department of Financial Services and other agencies to carry out requirements of the Affordable Care Act. On December 14, 2012, New York received conditional approval from the U.S. Department of Health and Human Services (HHS) to establish a state-based exchange.
New York Health Insurance Exchange - Role of Insurance Professionals
- According to Zane Benefits’ website, on March 22, 2013, the Exchange provided a webinar for agents and brokers outlining their role in the NY Health Benefit Exchange:
- Brokers will be a primary distribution channel for small group enrollment in the SHOP.
- Brokers will need to be certified to sell products in the Individual Exchange.
- Brokers will have the support of a dedicated online portal to facilitate applications and renewals, including a full customer service center.
- Commissions will be paid directly from carriers.
- Training and certification details will be available mid-summer 2013.
New York Health Insurance Exchange - Role of Navigators
According to Zane Benefits’ website, Navigators will provide in-person enrollment assistance to individuals, families, small businesses and their employees who apply for health insurance through the NY Health Benefit Exchange.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.