Zane Benefits Publishes New Information on New York Health Insurance Marketplaces - KCTV5

Zane Benefits Publishes New Information on New York Health Insurance Marketplaces

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SOURCE: Zane Benefits

Invitation issued to Health Insurers and Dental Plans to Participate in the New York Health Benefit Exchange

Park City, Utah (PRWEB) March 10, 2013

Today, Zane Benefits, Inc. published new information on New York health insurance marketplaces. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.

According to Zane Benefits’ website, on January 31, 2013 the New York Health Insurance Marketplace issued its invitation to health insurers and dental plans to participate in the New York Health Benefit Exchange. The invitation and related documents are listed below.

What is the New York Health Insurance Marketplace?

According to Zane Benefits’ website, the New York Health Insurance Marketplace (Or "Health Benefit Exchange") is designed to help individuals, families and small businesses shop for and enroll in health insurance coverage. Through the marketplace, New Yorkers will compare Qualified Health Plans, calculate costs and select coverage online, in person, over-the-phone or by mail and determine what type of financial assistance may be available. Public health care programs will be available through the marketplace for those who are eligible. For more information about the New York Health Benefit Exchange, visit HealthBenefitExchange.ny.gov.

When Does the New York Health Insurance Marketplace Begin?

According to Zane Benefits’ website, enrollment in New York’s Health Insurance Marketplace will begin October 1, 2013, with coverage starting January 1, 2014. The initial open enrollment period will run for six months and end on March 31, 2014. It is estimated that, at full enrollment, more than one million New Yorkers will obtain insurance through the Exchange, including 615,000 individuals and 450,000 employees of small businesses.

What are Qualified Health Plans?

According to Zane Benefits’ website, qualified Health Plans are health plans approved by the New York Health Insurance Marketplace will provide comprehensive health insurance coverage, follow limits on out-of-pocket expenses (such as deductibles, copayments, and federal out-of-pocket maximums), and meet other state and federal requirements.

According to its press release, Qualified Health Plans will:

• Offer comprehensive, affordable coverage in all areas of the state
• Balance innovation with reasonable choice
• Make it easy for consumers to compare options
• Have adequate provider networks
• Monitor quality, utilization of services and consumer satisfaction
• Preserve consumer protections, as defined in federal and state laws and regulations
• Ensure consistency with the market outside the Health Insurance Marketplace

How do Health Insurance Plans Apply?

According to Zane Benefits’ website, the first step in the application process is submission of a non-binding letter of interest that should be provided as soon as possible, but no later than February 15, 2013.

Click here to read full article.

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About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/3/prweb10513837.htm