Starting in Jan 2014, people will be needed to have wellness insurance plan protection that enables as minimum important protection or risk paying a tax charge for every month they are without insurance.
When the Cost-effective Proper care Act (ACA) was introduced on Goal 23, 2010, President Obama said that if Americans liked their protection, they could keep it. Therefore, the ACA allows providers to distinguish programs that persisted before to Goal 23, 2010 (Grandfathered Plans) and those that came subsequently (Non-Grandfathered Plans). Since Grandfathered Plans were intended to stay as they persisted as of Goal 23, 2010, they are not subject to many of the ACA’s requirements.
Learn more about Grandfathered Plans and why they are important:
Individuals and families
Small companies (less than 50 employees)
Large company groups (51+ Employees)
The Cost-effective Proper care Act (ACA) creates new ‘marketplaces’ (also known as ‘exchanges’) where people and companies will be able to buy wellness insurance plan protection for protection from 2014. California’s wellness insurance plan protection industry is known as Protected Florida. In addition to buying protection via Protected Florida, people and little company will be able to buy health care the way they do today through brokers and directly through wellness insurance plan protection providers.
Blue Shield is planning to participate on Protected Florida in both the Individual and Small Company marketplaces.
