The Patient Protection and Affordable Care Act of 2010, dubbed Obamacare, dictates that a health insurance exchange will operate in every state. Today, four more states joined the list of states approved to operate their own State Partnership Marketplaces.
“HHS will continue to work collaboratively with all states to build the Marketplace,” Health and Human Services Secretary Kathleen Sebelius said in a press release. “Working together, we will be ready in seven months when consumers will be able to use the new marketplace to easily purchase quality, affordable health insurance plans.”
The Department of Health and Human services has conditionally approved Iowa, Michigan, New Hampshire, and West Virginia to operate their own State Partnership Marketplaces.
Today’s addition brings the number of states approved to partially or fully run their own exchanges up to 24 along with Washington, D.C. Several other states have proposed alternative approaches to running exchanges sometime in 2014.
“Whether you’re uninsured or just want to explore new options, the Marketplace will offer you apples-to-apples comparisons of costs and coverage between health insurance plans,” Secretary Sebelius said in a blog post last month. “You can compare all your insurance options based on price, benefits, quality, and other features that may be important to you, in plain language that makes sense.”
Health insurance marketplaces will offer consumers access to health plans, tax credits, and cost sharing assistance. They present both individuals and small businesses with a place to compare policies and premiums. Applicants cannot be denied coverage due to pre-existing conditions.
Obamacare’s latest health insurance marketplaces will be ready for enrollment in October.
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