Park City, Utah (PRWEB) June 04, 2013
Today, Zane Benefits, Inc. published new information on Oregon Health Insurance Exchange Rates. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution health plans and health reimbursement arrangement plans.
According to Zane Benefits’ website, Oregon Health Insurance Exchange released proposed rates for coverage starting 2014. The Oregon Health Insurance Exchange, Cover Oregon, will be Oregon's marketplace where individuals and small businesses can shop for health insurance plans and receive access to ACA tax credits and subsidies.
The Oregon Insurance Division and Department of Consumer and Business Services (DCBS) recently released proposed health plan rates for Oregon individuals, families, and small businesses. The Oregon Health Insurance Exchange will open October 1, 2013, for coverage starting January 1, 2014.
According to the DCBS, thousands of Oregon residents are expected to purchase personal insurance policies using federal financial help (tax subsidies) through the Oregon Health Insurance Exchange. The Oregon Health Insurance Exchange intends to provide consumers with more choices, especially for individuals with pre-existing conditions, as federal law makes all policies guaranteed-issue.
Oregon Health Insurance Exchange - Proposed Carriers
According to Zane Benefits’ website, Oregon currently has a highly-competitive health insurance market, which will be reflected in the Oregon Health Insurance Exchange's offerings. Along with 16 insurers, two (2) Consumer Operated and Oriented Plans (CO-OPS) filed plans and proposed rates with the Oregon Insurance Division. All plans still require approval by the Oregon Insurance Division. Carriers and rates will be finalized by July 2013. Proposed carriers in the Portland area for individual plans include FamilyCare Health Plans, Freelancers Co-Op of Oregon, Health Net Health Plan of Oregon, John Alden Life Insurance Company, Kaiser Foundation Health Plan of the NW, LifeWise Health Plan of Oregon, Moda Health Plan, Oregon's Health Co-Op, PacificSource Health Plans, Providence Health Plan, Regence BlueCross BlueShield of Oregon, Time Insurance Company, and Trillium Community Health Plan.
Oregon Health Insurance Exchange - Proposed Individual Plan Rates
According to Zane Benefits’ website, the proposed Oregon Health Insurance Exchange rates for individual plans are divided by county, age, and carrier. For the Portland area, a bronze plan for a 40-year-old, non-tobacco-user averages $265/month (before individual tax subsidies). In 2012, the average individual policy in Oregon (across all ages, adults and children) was $207/month.
Oregon Health Insurance Exchange - Proposed Small Business Group Rates
According to Zane Benefits’ website, the Oregon Health Insurance Exchange also provided proposed small business group rates (for businesses with 50 or fewer employees). For the Portland area, a bronze plan for a 40-year-old, non-tobacco-user single employee averages $273/month (before employer contribution). In 2012, the average single premium for employer-based health insurance was $421/month (averaged across all ages and Oregon businesses).
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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.