What is an exchange?

July 23, 2014 / Kathleen Mills /

In Section 1311: The “Exchange” is a place (online or store, similiar to the DMV) which will  allow the individual to purchase the required healthcare insurance, as outlined in the Affordable Care Act. If you are not covered by your employer you will have to go through the exchange system to obtain health care insurance. The exchange is run by the Federal Government. States have been given the option to either run these “stores” for the Feds or some choose to opt out of helping the Feds. The states that elected NOT to help, the Feds will do themselves. Texas has declined.

For more information, visit http://housedocs.house.gov/energycommerce/ppacacon.pdf.

 

 

“The thoughts and opinions expressed in this article are not to be taken as legal advice. The ACA changes on a daily basis and the material covered is a reflection of the author’s research into the bill on a given day. While every attempt is made to communicate with accuracy you should consult your lawyer or CPA for advice on how the ACA will affect you and your situation.”

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Kathleen Mills

Kathleen is a creative and gifted therapist who has extensive experience in helping children, adolescents, and adults with a variety of issues.

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