Health Care Reform: Impact on Renewals
The Affordable Care Act (ACA) has mandated funding from all health insurers to build a pool of funds for several initiatives. The funds will be used to help stabilize premiums for the newly insured, develop best practices to improve the quality of medical outcomes, and prevent undue profits as more Americans purchase health insurance.
Several taxes and fees to support these programs began appearing on the AmeriHealth New Jersey medical rate paperwork in November 2012. Because we anticipate that groups will be confused by several new lines of charges on the Rate Renewal Worksheets, and will pose a number of questions concerning these fees and taxes, it is important that we can explain them. This piece will help you to understand and explain the fees and taxes to group decision makers who call with questions.
Plese click on the link below for details.