Health Plans Invited To Participate In N.Y. Exchange
The New York Health Benefit Exchange today issued an invitation to health insurance companies to participate in the Exchange, which will offer individuals, families and small businesses a choice of Qualified Health Plans.
"The goal is to build an Exchange that is robust and offers a variety of affordable, quality health plans," said
Qualified Health Plans approved by the Exchange will provide comprehensive health insurance coverage, follow limits on out-of-pocket expenses (such as deductibles, copayments, and federal out-of-pocket maximums), and meet other state and federal requirements.
Through the certification process for Qualified Health Plans, the Exchange will:
Offer comprehensive, affordable coverage in all areas of the state
Balance innovation with reasonable choice
Make it easy for consumers to compare options
Ensure Qualified Health Plans have adequate provider networks
Monitor quality, utilization of services and consumer satisfaction
Preserve consumer protections, as defined in federal and state laws and regulations
Ensure consistency with the market outside the Exchange
The health plan invitation was developed with input from the Exchange stakeholder community.
The first step in the application process is submission of a non-binding letter of interest that should be provided as soon as possible, but no later than
For more information about the invitation and the New York Health Benefit Exchange, visit HealthBenefitExchange.ny.gov.
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|Source:||Targeted News Service|