Belman Insurance Advisor Declares Support for Government Measures to Ensure the Insurance Industry is Ready for the October 1st Deadline

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According to a 6/24 NY Times article, ‘U.S. Unveils Health Care Website and Call Center’, the Obama administration is developing additional measures to meet the implementation of the federal healthcare laws. Belman Insurance Advisor urges the insurance industry to provide the support needed to make sure that the deadline is met and hits with as few problems as possible.

Change is coming, and the industry needs to be well equipped.

As reported by the New York Times, Kathleen Sebelius, the secretary of health and human services, announced the implementation of a website and telephone call center in furtherance of the Obama administration’s healthcare expansions. supports these efforts and encourages the insurance industry to take the necessary steps to ready itself for the anticipated deluge of healthcare purchases.

Eventually, the website will provide pricing information from insurance companies. Right now, all that’s provided is general information describing the laws and the upcoming options. While the industry as a whole has a Herculean task before it, believes that a joint effort between the government and individual companies will allow the transition to be (almost) seamless and hopefully painless for consumers.

It is predicted that seven million people will buy private insurances next year. Ms. Sebelius, who is a former Kansas insurance commissioner, commented on the role the government will play, “We intend to do rate negotiation to make sure plans are going to offer consumers the best possible choices.” Officials said the federal insurance exchanges will be open in 2014 to any insurers that were able to meet basic federal standards. It is clear that the government and the insurance industry, including life insurance companies like Security Life and New York Life Insurance which offer ancillary insurance services, must work in tandem to not only meet the impending deadlines and expectations, but to exceed them. Belman Insurance Advisor believes the insurance industry should start preparations for the upcoming changes to ensure they are well-equipped for the anticipated surge in health insurance purchases.

Belman Insurance Advisor encourages teamwork between the industry and the government in order to expedite and complete the requirements of the coming Obamacare legislation. Change is coming, and the industry needs to be well equipped.

About Belman Insurance Advisor: reports on and advises the insurance industry on important topics relevant to fiscal prosperity.

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