Funding for California Health Benefits Exchange

Before the Supreme Court had made its ruling on the ACA, California had already sent in its request for more funding from the Federal Government to the tune of $190 million.  According to Peter Lee, the executive director of the California Health Benefits Exchange, the money is slated to be used for the setting up of the enrollment system. The system needs to be up and ready to enroll individuals by October of 2013. 

Within a month or so the carriers should start finding out what the exact requirements for health plans that wish to be sold on the exchange will be.  At that point it will become clearer on just how the exchange will look and feel.  Right now there is only speculation, once the interim rules are set there will be even more clarity.

Continue to check this blog for more changes on the way.  If you wish to get information on a specific topic or you wish to look into your current plan and compare it to other plans, please feel free to call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .  We are continuing to educate ourselves so we can guide you through this massive law and all that goes with it.