30 Second Insurance Tips©

Tip 106- Give ‘Credit’ Where ‘Credit’ Is Due

Three weeks ago, in Tip 103 (“The Exchanges Are Coming!”), I reported that health insurance
premiums in Exchanges could be higher than traditional markets.

Coverage however might still be more affordable because those without access to employer
sponsored plans, Medicare or Medicaid may be eligible for federal premium subsidies.

To help us get an idea of what individuals might pay in 2014, the Kaiser Family Foundation has
prepared a “subsidy calculator.” Check it out here.

By the way, late last month regulators renamed Exchanges, calling them now “Marketplaces.”

They also delayed the March requirement that employers provide written Notice to employees
informing them about Exchanges, and the circumstances under which they may be eligible for
premium subsidies.

Virtual health insurance Marketplaces are still scheduled to begin enrolling qualified applicants
in October, for a January 1, 2014 effective date.