Small Businesses: Your Options Outside the Exchange

The Patient Protection and Affordable Care Act of 2010, or simply the Affordable Care Act (ACA) as it is more commonly known, gives all Americans and small business owners an option to buy private health insurance through state or federally managed healthcare exchanges. The plan is designed to give uninsured and under-insured Americans a way to shop for and compare multiple plans and buy healthcare coverage regardless of financial status, age or previous medical history. The ACA’s health care exchanges are expected to radically transform the manner in which American’s purchase medical insurance. However, such exchanges are not the only option for getting coverage.

Under the ACA, all healthcare plans are required to comply with certain minimum coverage requirements regardless of whether the plans are offered via a healthcare exchange or sold directly to the consumer. All health insurance options outside the exchange have to include the same drug coverage and essential benefits as those offered via a health exchange. As an individual consumer, or as a small business owner, you have the ability to go directly to health insurance websites, insurance agents and brokers and buy the same insurance coverage that you would get via an exchange for exactly the same price.

If you live or operate a small business in Redlands, California and want to learn more about health insurance options outside the exchange please contact the health insurance specialists at Bernardini & Donovan Insurance.

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