82,495 or 17% of Wyoming’s Non-Elderly Residents are Uninsured
Park City, UT (PRWEB) June 27, 2013
Today, Zane Benefits published new information on the Wyoming Health Insurance Exchange.
According to Zane Benefits’ website, as part of the Affordable Care Act, health insurance coverage for individuals and small businesses will become available through new state health insurance exchanges (also called health insurance marketplaces).
Wyoming announced in November 2012 that the state would default to a federally-facilitated health insurance exchange. The Wyoming Health Insurance Exchange will open October 1, 2013, for coverage starting January 1, 2014.
According to Zane Benefits’ website, starting October 1, 2013, Wyoming residents will be able to access information about all the plans available through the Exchange. All individual plans will be guaranteed-issue, and eligible consumers will receive tax subsidies to reduce the cost of their plan. The tax subsidies are based on family status and household income. The Exchange will also screen for eligibility in Medicaid.
According to an estimate by healthcare.gov, 82,495 or 17% of Wyoming’s non-elderly residents are uninsured, of whom 68,436 (83%) may qualify for either tax credits to purchase coverage in the Marketplace or for Medicaid if Wyoming participates in ACA Medicaid expansion.
For small businesses, the Wyoming SHOP Exchange will be available for employers with 100 or fewer employers.
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 (click here to read more on health reimbursement arrangements). The flagship software provides a 100% paperless administration experience to small businesses 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.