Colorado’s Unique Approach to Funding State Health Insurance

Colorado is one of 17 states, including the District of Columbia, that has a state exchange marketplace. In lieu of using the federal exchange, these states have been funding and operating their own. Recently, Colorado has levied a new fee in order to help fund this state exchange. However, this fee would apply to all policies, not just those purchased on the exchange. An article from Health Insurance Exchange (HIX) discusses the CO Marketplace.

Marketplace Information Reporting: Final Regulations Issued

Final regulations for information reporting have recently been released by the IRS, and are effective as of May 7, 2014. These regulations apply to tax years ending after December 31, 2013. Information needs to be reported to both the IRS and taxpayers. This reporting is required by the individual market of the health insurance marketplaces on enrollments in qualified health plans (IRC Sec. 36B(f)(3)) and is mandatory for assistance credits.

There have also been amended regulations released by the Department of Labor regarding COBRA coverage. Details on special enrollment periods and new options for affordable coverage can be found on the Department of Labor website: http://www.dol.gov/ebsa/cobra.html

Watch for additional information.

Different Plans for Different People

How do the different levels in the exchange apply to married couples and families? Do they all need to be on the same level of health plan, or can one spouse get a silver plan and the other gold? This question was posed to Kaiser Health News, and Michelle Andrews explains. Click on Kaiser Health News to view the article.