Bernardini & Donovan Insurance Services

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Purchasing Coverage: What Are Your Options Outside the Exchange?

The Affordable Care Act mandates that all Americans must obtain some type of health insurance before January 1st, 2014. For those who do not wish to use a Health Marketplace or Exchange option, policies can still be purchased from private insurance brokers and agents as long as the policies meet the guidelines put in place by Obamacare. The Affordable Care Act stipulates that all policies sold by agencies outside the exchange must meet or exceed the requirements of exchange policies at an affordable cost to the consumer. It also requires insurance companies to offer policies that fall within two higher level categories such as “gold and silver” or “elite and premier”. These types of policies may be more affordable in the long run for individuals who rarely seek medical attention. Individuals who want to explore their health care options outside of the state exchange, can call Bernardini & Donovan Insurance Services.

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Individual Health Insurance: How will Covered California make it easier for me to compare different health plans?

Covered California is a health insurance marketplace, which will make it easier individuals to compare an array of qualified health plans from private insurance companies. The marketplace will allow you to shop for individual health insurance through Covered California exchanges online, over the phone or in person to select the perfect insurance option for your budget and health needs. How will Covered California allow me to compare individual health insurance plans? There will be four levels of coverage offered: Bronze Silver Gold Platinum With the increase in ranking, the medical expenses covered in each category go up, with platinum being the highest ranked, making it compare plans in the same category or across categories. For expenses happening at the time of receiving health care services – doctor visits or emergency room trips, for example, the health plans covering more medical expenses tend to have lower costs when receiving care but

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Covered California SHOP Exchange

Starting in January, 2014, the Covered America SHOP (Small Business Health Options Program) will help California small businesses provide affordable small group health insurance for their employees through the program’s small business health insurance marketplace. The SHOP exchange will make it easy to offer employees a large selection of health plans generally only available to larger employers. Small-business owners may enroll in the Covered California plans beginning on October 1, when the exchange is launched, for coverage effective Jan. 1, 2014. Depending on which of the 19 pricing regions they reside in, employers and employees will be able to choose between 3 or 4 carriers. SHOP plan choices will have good provider networks, a standardized set of benefits and a choice of insurers at competitive prices. While rates will vary based on the region, the premiums for Covered California SHOP insurance coverage is fairly comparable to 2013 small-group market rates,

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How Covered California Will Support your Small Business

Like many small business owners, you probably have questions about Covered California and how it can provide insurance coverage for you and your employees. Covered California is a marketplace developed specifically for small businesses with up to 50 qualified employees. The marketplace, also called the Small Business Health Options Program (SHOP exchanges) will make it easier to compare a variety of competing high-quality, qualified health plans from private insurance companies, including small group health insurance plans similar to those offered to large businesses. Covered California will support your small business by: Providing Control. You will be able to choose if or when to participate in Covered California, and to determine your own level of contribution toward your employees’ coverage. Expanding Employee Options. You will be able to offer your employees their Qualified Health Plan choice from several insurance companies. Simplifying Options. Covered California will offer the ability to compare health

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Individual Health Insurance: What kind of health insurance can I buy through Covered California?

Covered California will be offering Qualified Health Plans of the same high quality as insurance health plans being offered on the private market now. Covered California’s Qualified Health Plans will be guaranteed comply with the Affordable Care Act’s consumer protections and provide essential levels of coverage. The individual health insurance plans offered by Covered California will be the same as insurance plans you can find anywhere – even if you don’t qualify for financial assistance. All of the health insurance companies have to provide the same products at a specified cost no matter if they are offered through the open market or Covered California. In addition, Covered California will be offering “catastrophic coverage,” a coverage that protects an individual from financial disaster in the event that they suffer from a serious and costly medical emergency. This type of coverage is not meant for routine medical expenses such as doctor visits,

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Small Group: Covered California Opened for Enrollment Oct. 1st

Due to the signing of the Affordable Care Act, most adults will be required to purchase public or private insurance by the beginning of the new year or face a fine. Under California’s new Small Business Health Options Program (SHOP), Covered California opened for small group enrollment on Oct. 1, 2013, for coverage beginning Jan. 1, 2014. California businesses with less than 50 employees can benefit from better choices, online tools and competitively priced, small group health insurance plans similar to those previously only available to large group employers. While small businesses are not required to enroll in the Covered California’s SHOP, and are not penalized for not participating, the exchanges will allow you to more easily provide health insurance to your employees. In addition, some businesses with less than 25 employees may be able to take advantage of Federal tax credits only available through SHOP. Small business owners can

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