The New Health Insurance Marketplaces
Individual consumers and small business will have a new way to compare and buy health insurance in 2014. Every state has to have a health insurance marketplace, also called an exchange, open by October 2013 so people can enroll for January 1, 2014, and later dates.
Through the marketplaces, consumers and small businesses will have a choice of health plans from different insurance companies. The plans come in four levels: bronze, silver, gold and platinum.
Health plans in each level offer the same benefits. So a silver plan from Company A will have the same benefits as the one from Company B. This makes it easy to compare.
The small business marketplace is called the Small Business Health Options Program (SHOP). It’s available to businesses that have fewer than 50 full-time equivalent employees. The SHOP will expand to businesses with 100 or fewer full-time equivalent employees in 2016.
Health Net is participating in Covered California, Cover Oregon and, in Arizona, via the federal Health Insurance Marketplace. We have the same plans – and many others – available to purchase through brokers and directly from us.