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Many physicians are wondering how the Health Insurance Exchange is going to affect their practice. Starting October 1st, 2013, qualified U.S. residents will be able to start enrolling for insurance participation through the Health Insurance Exchange. Their coverage will begin as early as January 1, 2014. So what does this mean to physicians across the U.S.? It means that there will be an influx of new patients coming to your practice that were previously uninsured and now required to secure health insurance for themselves and their family. Each state will have anywhere from 250,000 to 5 million residents eligible to secure insurance through the Health Insurance Exchange. Each state is required to select a minimum of two insurance plans to provide as options to their state residents. It will be important to know which insurance plans your state and any close neighboring states choose to offer and then monitor the selection frequently for any changes to the selected carriers. We are recommending to our clients that they credential with their state selected plans, as there will be a large amount of their existing and new patient population seeking care under the plans associated with their state Health Insurance Exchange. Here is a sample list of some of the states and the insurance plans that have either applied and/or have gone through preliminary approvals. An official list will be published closer to October 1st, 2013. If your state is not represented on our list, please feel free to e-mail us at info@mbs-inc.com to receive a list of your state plans. Illinois Blue Cross & Blue Shield of Illinois Humana Aetna Carle Foundation Coventry Health Care Land of Lincoln Health Inc Co-Op Missouri – Health Insurance Exchange will be ran by the Federal Government and not the state. No publications have been made yet on which insurance plans will be a part of the state’s exchange. Iowa Coventry Health Care of Iowa, Inc. CoOportunity Health Avera Health Plans Gunderson Health Plan, Inc. Sanford Health Health Alliance Midwest, Inc. Virginia Aetna Life Insurance Co Coventry Health Care of Virginia Inc HealthKeepers Inc. (Anthem BlueCross BlueShield) Optima Health Plan Kaiser Foundation Health Plan of the Mid-Atlantic States Inc Tennessee - Health Insurance Exchange will be ran by the Federal Government and not the state. No publications have been made yet on which insurance plans will be a part of the state’s exchange. California The following companies will offer plans in Covered California’s individual market: Alameda Alliance for Health Anthem Blue Cross of California Blue Shield of California Chinese Community Health Plan Contra Costa Health Plan Health Net Kaiser Permanente L.A. Care Health Plan Molina Healthcare Sharp Health Plan Valley Health Plan Western Health Advantage Covered California selected the following health plans to participate in small business health options: Blue Shield of California Chinese Community Health Plan Health Net Kaiser Permanente Sharp Health Plan Western Health Advantage If your practice is wanting information, please feel free to contact us directly as it is our number one goal to be an advocate for all physicians. You can contact us directly at (888) 810-0098, and visit us at www.medicalbilling4u.com for more information. We would be more than pleased to talk to you further and give you options to create future financial security.
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