“While the Affordable Care Act is designed to reduce cost and increase access to health insurance, many U.S. citizens still are uninsured and underserved due to obstacles not based on cost, such as technical problems and lack of information from health insurance companies and health exchanges, according to the inaugural J.D. Power 2014 Health Insurance Marketplace Shopper StudySM released today.
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J.D. Power Reports: The Uninsured Remain Underserved by Health Exchanges, As Many Continue to Struggle to Enroll in Healthcare CoverageMonday, July 21st, 2014
“Some consumers who bought insurance under President Barack Obama’s health care law are experiencing buyer’s remorse after realizing that their longtime doctors aren’t accepting the new plans.
Before the law took effect, experts warned that narrow networks could impact patients’ access to care, especially in cheaper plans. But with insurance cards now in hand, consumers are finding their access limited across all price ranges — sometimes even after they were told their plan would include their current doctor.
“Co-payment: A fixed amount you pay for a covered health service. Usually paid when you receive the service.
Deductible: The amount you pay for health care services your health insurance plan covers before your health insurance plan begins to pay.
The Health Insurance Marketplace (also known as the Exchange): Administered by the federal government at http://www.healthcare.gov. Designed to make buying health coverage easier and more affordable.
This afternoon, the IRS and U.S. Department of Treasury have issued a FSA Notice modifying the healthcare flexible spending account (FSA)’s “Use-it or Lose-it” rule.
Effective immediately, employers that offer FSA programs that do not include a grace period will have the option of allowing employees to rollover up to $500 of unused funds at the end of the plan year.
The rollover has no impact on the annual maximum salary reduction amount that applies to FSAs and is permitted by law. Therefore employees can rollover up to $500 and still salary reduce up to $2,500 into their FSA for the plan year.
“If you’re hearing about the new Health Insurance Marketplace and wondering if it might be a better deal than your employer’s insurance, the answer is: It probably isn’t.
People covered under most employer group insurance policies aren’t eligible for some of the Affordable Care Act cost-saving benefits — mainly tax credits. Without those tax credits, it’s extremely unlikely you’ll find a better deal on the insurance marketplace exchange.
“This week, in Time magazine, I read about a possible solution. And it frightens me.
Group appointments. Yes, doctor-patient-patient-patient-patient-patient relationships.
It appears more people are seeing their doctor with another nine or so other patients in the room.
This isn’t an entirely new idea, but it’s becoming more popular than ever. Since 2005, the percentage of practices offering group visits has doubled, from 6 percent to 13 percent in 2010.