Hello,
This is my first posting but i have been reading this forum for a while now. My wife is getting into selling insurance and wants to center on Health. I have been reading the new Health Reform Bill and have a lot of concerns.
1) H.R. 3200 Sec. 102 (a) (1) (A) - "IN GENERAL- Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day of Y1."
2) H.R. 676 Sec. 104 [FONT=Times New Roman, Times, serif][SIZE=-1] It is unlawful for a private health insurer to sell health insurance coverage that duplicates the benefits provided under this Act.
So these two in a nutshell basically says that you can keep your current coverage as long as you stay at your current job,No people enroll in that current policy and no changes are made in the current policy. If you leave or any changes are made or get new insurance then you have to choose out of the Government exchange.
Now yes private insurance companies can be in that exchange but HR 676 stops them from offering equal coverage to that of the Government option.
So basically all carriers will have to offer inferior coverage then that of the Gov. I say inferior because the policy the carrier is offering has to fall under strict guidelines that are set up by the Gov and we know the Gov is not going to allow a private coverage to be better then its own. If the private coverage does not comply then it cannot be part of the exchange which will be the only place you can buy insurance from.
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This is my first posting but i have been reading this forum for a while now. My wife is getting into selling insurance and wants to center on Health. I have been reading the new Health Reform Bill and have a lot of concerns.
1) H.R. 3200 Sec. 102 (a) (1) (A) - "IN GENERAL- Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day of Y1."
2) H.R. 676 Sec. 104 [FONT=Times New Roman, Times, serif][SIZE=-1] It is unlawful for a private health insurer to sell health insurance coverage that duplicates the benefits provided under this Act.
So these two in a nutshell basically says that you can keep your current coverage as long as you stay at your current job,No people enroll in that current policy and no changes are made in the current policy. If you leave or any changes are made or get new insurance then you have to choose out of the Government exchange.
Now yes private insurance companies can be in that exchange but HR 676 stops them from offering equal coverage to that of the Government option.
So basically all carriers will have to offer inferior coverage then that of the Gov. I say inferior because the policy the carrier is offering has to fall under strict guidelines that are set up by the Gov and we know the Gov is not going to allow a private coverage to be better then its own. If the private coverage does not comply then it cannot be part of the exchange which will be the only place you can buy insurance from.
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