The Affordable Care Act: Required Notice of State Insurance Exchanges
Employment Services Alert - Affordable Care Act
January 4, 2013
One of the most important features of the Affordable Care Act (ACA) is the creation of state-based health insurance exchanges. These exchanges will serve as marketplaces where individuals and small businesses can shop for health insurance coverage. The exchanges will also provide consumer-oriented information that allows comparison of available plans based on price, benefits, services and quality. The state insurance exchanges must be fully operational on January 1, 2014. States have the option of setting up their own exchange or cooperating with the federal government to create an exchange. If the state choses neither option, then the federal government will step in to create and operate an exchange on behalf of the state...