There are a lot of new terms being introduced nowadays th the human resources and benefits industry Marketplaces, private exchanges, navigators, enroller's and more new terms are coming every day. Brush up with us as we introduce you to some of the new lexicon.
The A.C.A. or Affordable Care Act is our National Health Care Law (Obama care) which began with the roll out of the public  exchanges last month. The A.C.A. law required insurers to offer coverage to all Americans. It spurred new methods to streamline healthcare and reduce the rapidly rising costs. One of the biggest introductions began October 1st with the rollout of the public insurance exchanges for individuals.
What most don't know is we have had Private exchanges for quite some time now. Both public and private Insurance Exchanges or Marketplaces will allow you to go shopping for Major Medical insurance coverage. Only.you as an individual can choose your level and copay from metallic plans.
Shopping on these exchanges is very similar to shopping online for travel tickets or on Amazon for goods. You will also be provided choices of insurance carriers and plans available in your local area. All plans and carriers have been government pre-screened and are approved insurance providers.
Individuals now have the ability to choose from both a public or private exchange or marketplace.
The recently debuted public or government based Exchanges do have some limitations though. Some of the exchanges have an enroller or Navigator's to speak with who cannot answer questions like what is the best plan for me? They are not licensed insurance agents. They do try to help though.
The Private Exchange's have been around for quite a while on the other hand. It will have identical plans and pricing available as the state and federal versions. The only real difference between a public and private will be the private exchanges level of experience staffed with licensed trained insurance agents who can offer solutions and answer questions, private exchanges do also offer a selection of voluntary or supplemental insurance benefits such as Dental, Hospital, Cancer and Accident insurance.
This is the reason I opted into offering my benefits service  from the second largest insurance call center in the United States they are already servicing a significant group of fortune 500 organizations benefits needs.
Human resource directors and staff personnel seeking some group solutions are welcome to reach out to me  at info@The401Kman via Email and learn more about the benefits I offer for their group or organization.
While I dont have a magic ball into the future I am certainly postive on a few matters, many of which are facing us all in the H.R and benefits field .Industry contacts and size allow me to venture an educated guess and pass on some help from which you may certainly benefit.
If you have a benefits question please feel free to send them my way. I will be introducing another suite of  group based exchange products shortly with even more helpful products in addition to my current private individual marketplace available at www.Insurance-Marketplace.info or by simply calling The401Kman Benefits Line at 888-389-4598