Affordable Care Act (Healthcare Reform) and Multicultural Populations cont.
We continue our 12 part blog series on the Affordable Care Act and Multicultural Populations.
What is an Exchange under the ACA- Part 4
By Martha C. Rivera, Director, Strategy and Insights, and Monica Martens, Junior Executive
As mentioned in earlier posts, qualified individuals will be able to buy their health insurance through an Exchange. An Exchange is an online insurance marketplace that will be the vehicle for enrollment on health care plans. Each state in the union had the option to apply for grants and create their own Exchange and if states refused the federal government created one for their state. Some states with the highest Hispanic populations, such as Florida and Texas, have already informed the Obama Administration of their refusal to create an Exchange.
Through these online marketplaces, you will be able to research and compare various health insurance plans based on your needs and wants. After various questions regarding your health and family history, the Exchange will be able to narrow down the best options available. The Exchanges will be informative and standardized in order to make it easier for you to compare plans. They will have 1-800 phone numbers and live chats to help answer any questions you may have. Moreover, you will be able to see if you qualify for any additional government incentives or tax credits. There will be a variety of choices from the type of plan, to the provider and the cost. Some states, such as California and Washington, have already created and launched their Exchanges for their residents.
Look for Part 5 of our Affordable Care Act and Multicultural Populations in a future blog.
Affordable Insurance Exchange. HealthCare.gov, 2012.