Health Exchange

NYS of Health Screen Shot

NYS Health Exchange 100,000 Enrolled.  According to a USA Today article More than 100,000 enroll in N.Y. health exchange, up a third in less than two weeks according to  the state Health Department .

According to the NYS Exchange site  www.nystateofhealth.ny.gov– As of today, 100,881 state residents had enrolled in a health insurance plan through the state’s exchange. Additionally, 314,146 people had “completed applications” for coverage. The state did not break down the latest data based on the number of people enrolling in private insurance versus Medicaid. The state’s already “vast” Medicaid system “has been credited with having an easier transition to the health exchange.” New York state plans to enroll a total of 1.1 million people by the end of 2016

New York already has a vast Medicaid program, at an annual cost of $50 billion, it has been credited with having an easier transition to the health exchange. Reuters reported Dec. 4 that about 29,000 people signed up for health insurance through the federal HealthCare.gov website on Dec. 1 and Dec. 2 – eclipsing the 26,000 for all of October.

According to sources and our experience half of the Exchange applicants were to determined not be Medicaid eligible.    The article Federal exchange sends unqualified people to Medicaid points out that  some qualified Medicaid  may not in fact be eligible.  “The federal health care exchange is incorrectly determining that some people are eligible for Medicaid when they clearly are not, leaving them with little chance to get the subsidized insurance they are entitled to as the Dec. 23 deadline for enrollment approaches.”

New York State,  unlike 36 states,  runs its own exchange.  The NYS website has had less issues than the troubled Federal health Exchange www.healthcare.gov.  Our blog NYS Approves Health Insurance Exchange Rates describes how the new rates lower individual insurance market by 50%.

New York has various tiers of health insurers, and customers can pick from 16 insurers and 10 dental insurers. Quotes can also be viewed on our site.  The program also has a small-business marketplace that offers health insurance to businesses with 50 or fewer employees. Large businesses that do not offer employees health insurance could be hit with a fine in 2015.

The exchange also offers tax credits to those who earn less than $45,960 as an individual or $94,200 as a family of four.People without health insurance would be hit with a fine on their income taxes for 2014, starting at about $95 or 1 percent of gross income. The fine can grow to as much as $695 a year , then double in 2015 and grow over time.

For more information  regarding  both Exchanges –   Individual Exchanges or SHOP   please contact our team at Millennium Medical Solutions Corp.   We have Spanish, Russian, and Hebrew speakers available.  Quotes can also be viewed on our site.

Governor’s Press Release

NYS Approved 2014 Exchange Rates

The following companies had health insurance plan rates for the health benefits exchange approved today by DFS. The rates approved today are subject to final certification of the insurers’ participation in the exchange.

  • Affinity Health Plan, Inc.NYS Approves Health Insurance Exchange Rates
  • American Progressive Life & Health Insurance Company of New York
  • Capital District Physicians Health Plan, Inc.
  • Health Insurance Plan of Greater New York
  • Empire BlueCross BlueShield
  • Excellus
  • Fidelis Care
  • Health Republic
  • Healthfirst New York
  • HealthNow New York, Inc.
  • Independent Health
  • MetroPlus Health Plan
  • MVP Health Plan, Inc.
  • North Shore LIJ
  • Oscar Health Insurance Co.
  • United Healthcare

Resource:

Health Exchange FAQ
Click Above

Federal government health care site: www.healthcare.gov

Kaiser Health Reform Subsidy Calculator:http://healthreform.kff.org/subsidycalculator.aspx

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