What are an Exchange’s responsibilities?

With individual health insurance becoming a mandatory requirement in January 2014, it’s time to become aware of what is expected of you as an individual, and the responsibility of the individual exchanges. What are the responsibilities of an exchange?

The exchanges carry the burden of making sure health care providers comply with the minimum standards in providing health care. They are the “store” that carries a variety of products that will be offered for consumer selection. The exchanges will make sure all consumers are aware of pricing, quality ratings and performance and will also have the responsibility of making sure enrollees who qualify for subsidies and exemptions get the proper credit. Employers will have the advantage of having the exchanges work with them to make sure they are in compliance. By using an exchange, individuals and businesses should have smoother transitions in enrolling into health plans and complying with the law. Although making sure you are enrolled into a health plan is your obligation, using the exchange for information should make things a lot easier.

For more information on health insurance exchanges and compliance with the Affordable Care Act, contact Bernardini & Donovan Insurance Services.

Share this post

Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our cookies page for furher details or agree by clicking the 'Accept' button.

Cookie settings

Below you can choose which kind of cookies you allow on this website. Click on the "Save cookie settings" button to apply your choice.

FunctionalOur website uses functional cookies. These cookies are necessary to let our website work.