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CoveredCA ‘s Obamacare Open Enrollment is LIVE tomorrow, 10/1/2013 September 30, 2013

Posted by QUOTEBROKER in ACA, California Health Insurance, Health Care Reform, Health Insurance 101, Insurance, Insurance Quotes, Obamacare.
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That’s right, Obamacare goes LIVE tomorrow morning, October 1, 2013 through Open Enrollment via CoveredCA, the California state health exchange. Here’s a quick checklist for you

  • There’s still time to pre-register your information so you receive a quote before those who haven’t
  • While Open enrollment starts 10/1/2013, your plan will start 1/1/2014. DO NOT CANCEL your current plan.
  • You can still enroll in plans with a 2013 effective date to get covered ASAP, direct through the same carriers outside of CoveredCA.
  • If you have an individual plan in California right now that is NOT grandfathered, there’s a very strong chance that plan expires in December, and you need to take action now via the steps outlined here.
  • Obamacare Open Enrollment for a 1/1/14 effective date will end mid-December, but will be back January through March of 2014
  • Due to high demand, phones may be busy- email us for same day service or visit the website and blog for further information. 
  • Prefer the info by phone? Simply dial 866-SUBSIDY

“An important p… September 30, 2013

Posted by QUOTEBROKER in ACA, Affordable Health Insurance, California Health Insurance, Health Care Reform, Health Insurance, Individual Health Insurance, Insurance, Insurance Quotes, Obamacare, QuoteBroker.
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“An important part of the Affordable Care Act will take place no matter what Congress does. It is already funded, you can’t shut it down.”

The above quote is from President Obama, speaking today on the prospect of how shutting down the government may affect the Affordable Care Act, also known as Obamacare.  We have received numerous inquiries during the government shutdown talk on how it might affect Obamacare, but you can rest assured that there will be no effect on Obamacare implementation, as of now.  Tomorrow, October 1, 2013 CoveredCA, California’s state based health exchange, will go live.  We will be able to shop plans, compare rates, check for subsidy eligibility and even enroll in coverage.  Count on Quotebroker to be with you every step of the way.  While the phone lines (800-783-0802) may be jammed with others trying to secure their subsidy, you can always visit us online at http://www.quotebroker.com for self-service or email us at info@quotebroker.com and we’ll be able to get to your inquiry same business day.

Avoiding Obamacare: How to Avoid the Penalty Tax While Remaining Covered September 23, 2013

Posted by QUOTEBROKER in ACA, Aetna, California Health Insurance, Employee Benefits, Group Health Insurance, Health Care Reform, Health Insurance, Health Insurance 101, Individual Health Insurance, Insurance Quotes, Obamacare, QuoteBroker, Section 125, small group.
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Obamacare Open Enrollment starts October 1- just a few days from now. For many people, that day has been long anticipated as a day marking the enrollment in improved plan designs and premium subsidy payments from the government.  Others who may not be so positively affected by the changes are indifferent or even actively against health care reform.  Do you want to avoid new Obamacare compliant health plans? Here are a few ways to stay out of the new plan designs- some short term, some long term:

For Individuals

  • Stay on your grandfathered plan– the easiest way to avoid Obamacare and its changes is to already be enrolled on a grandfathered plan.   If you have been on your plan for the last several years without interruption or changes, there’s a good chance you may be grandfathered.  Check with your carrier or your agent to see if your plan qualifies.  However, if your carrier is leaving the market entirely, like Aetna in California, your plan is grandfathered but will be terminated when they do exit.
  • Enroll in your employer-sponsored group plan– Check with your HR coordinator at work to see if there is a group health insurance option for you to enroll in. Depending on the size of your group, these plans may be only slightly affected or even unchanged by Obamacare.  Many group Open Enrollment periods are in the 4th quarter, so the timing may be just right to sign up.
  • Sign up now with a carrier not participating in the exchange-  In California, all non-grandfathered plans offered by carriers participating in the exchange will be terminated on 12/31/13.  However, California does have one non-participating carrier that is still currently accepting applications and will cover you throughout 2014- CIGNA.   If you sign up for a plan with CIGNA in the 4th quarter of 2013, you can avoid the vast majority of the mandated Obamacare changes for 12 months.  While each case is unique, this is our recommended option for those who do not want to participate in the CoveredCA health care exchange or in ACA-compliant but do want to continue their coverage and also not be penalized with an additional fee on their taxes for not having insurance.

For Small Businesses and their Administrators

  • Participate in Early Renewal– Most small group health plans will undergo the Obamacare changes on their 2014 renewal date.  This means that if you renew 1/1/14, your changes will be in effect for the entirely of 2014.  If your renewal is 7/1/2014, then for the first half of the year you will keep your plan and the second half of the year you will have an ACA-compliant plan with all of the Obamacare-mandated changes.  Many carriers will allow you to renew your plan early, in the 4th quarter of 2013.  This will move your 2014 renewal to the corresponding month in 2014, staving off Obamacare changes until then.  While every case is different, groups larger than 10 lives will likely benefit from this early renewal option, for a variety of technical reasons which can be explained during a 1 on 1 consultation– just ask!
  • Drop coverage entirely, send employees to the exchanges– Many small businesses are exploring the option of dropping their group coverage entirely and allowing their employees to shop the market on their own, taking advantage of the government exchanges and subsidies.  This is a decision that should not be made lightly, as the repercussions for employer and employee alike can be widespread and lasting.  Because each small group case is so unique, a 1 on 1 needs evaluation is the recommended course of action if you are even considering this route.

For more detailed information specific to your unique case, contact Quotebroker today. A licensed specialist will respond to your inquiry same-day. 

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