Zane Benefits Publishes New Information on the Tennessee Health Insurance Exchange
Online marketplace to open for Tennessee residents October 1
Park City, Utah (PRWEB) July 01, 2013
Today, Zane Benefits, the online alternative to group health insurance, published new information on the Tennessee Health Insurance Exchange.
According to Zane Benefits' website, beginning in 2014 as part of the Affordable Care Act, health insurance coverage for individuals and small businesses will become available through new state health insurance exchanges.
All states have three options for setting up a state health insurance exchange for 2014: build a state-based exchange, enter into a state-federal partnership exchange, or default to a federally-facilitated exchange.
On December 10, 2012 Governor Haslam announced that Tennessee would not operate a state-based exchange. Therefore, Tennessee will default to the federally-run health insurance exchange.
According to Zane Benefits' website, the Tennessee Health Insurance Exchange will be operated through a federally-run health insurance exchange, also referred to as the Health Insurance Marketplace. Starting in October 2013, Tennessee residents will be able to access information about all the plans available through the Exchange. The SHOP Exchange will also be available to small businesses with 100 or fewer employers. Coverage from the Exchange starts in January 2014.
A key part of the Tennessee Health Insurance Exchange is that eligible individuals and families will be able to access individual tax subsidies, capping the cost of their premium between 2% to 9.5% of income. Eligibility is based on household size and income (up to 400% FPL). The Exchange will also screen for Medicaid and public assistance programs.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about Health Reimbursement Arrangements or Zane Benefits, click here.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/7/prweb10892025.htmView Comments and Join the Discussion!