Ready or Not, Its Time for the Affordable Care Act (ACA) Open Enrollment
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Ready or Not, Its Time for the Affordable Care Act (ACA) Open Enrollment

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This presentation is targeted to individuals, families, HR professionals, Business owners and CFOs, to give them the information and strategies that they need to learn, make informed and timely ...

This presentation is targeted to individuals, families, HR professionals, Business owners and CFOs, to give them the information and strategies that they need to learn, make informed and timely decisions, and take action prior to Open Enrollment for the Affordable Care Act

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Ready or Not, Its Time for the Affordable Care Act (ACA) Open Enrollment Ready or Not, Its Time for the Affordable Care Act (ACA) Open Enrollment Presentation Transcript

  • Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment August 20, 2013 – October 1, 2013 = 41 days! © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • The time for denial, procrastination, political pontification is over… • …ACA Open Enrollment is gonna happen! © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Session Overview • Major Market Reforms • Individual/Employer Mandates • Public/Private Health Insurance Exchanges • Business Impact & What to Do • Employee/Individual/Family Impact & What to Do • Timing and Action Plan Recommendations © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Today’s Audience: • Individuals / Families • HR Professionals. • Business Owners and Leaders © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Today’s Presentation: • Crammed with new, updated information and personal strategies. • Q&A at end of presentation, please. • No jokes or funny pics. • Serious stuff. • Listen, think • Go back to Slideshare.net to review. • Designed to prompt you to take action. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Individual Mandate Everyone must have qualified health insurance coverage or pay IRS Tax Penalty Employer Mandate 50+ Employers will be required to offer their employees qualified health insurance coverage (Delayed until 2015) Exempt Employers Employers with fewer than 50 full time employees will be exempt from coverage mandate Penalties for Individuals The greater of a dollar amount or percent of income. In 2014 – $95 or 1%. In 2016 – $695 or 2.5%. Penalties for Employers 2015 - Penalties for 50+ employers based on whether insurance is offered at all, or at an affordable cost. Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Immediate Reforms – Prior to 2014 No lifetime limits; annual limits restricted Dependent Coverage extended to age 26 Minimum Medical Loss Ratios (MLR) Summary of Benefits and Coverage (SBC) Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Summary of Benefits and Coverage (SBC) Requirement Medical insurers must provide summaries of major medical coverage in a format dictated by HHS (September 2012) Purpose To provide individuals with standard information so they can compare medical plans as they make decisions Timing Employer must provide SBC to each employee and document acknowledgement of receipt by employee. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications W-2 Reporting Requirements Requirement Employers filing 250+ W-2 Forms must disclose the value of certain health insurance plans on W-2 Forms (January 2013) © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Reforms Beginning January 2014 No pre-existing condition Exclusions, Rate-ups Guaranteed Issue Policies Adjusted Community Rating Essential Health Benefits (EHB) Maximum Deductible Limits Coverage Mandates Plans Insurance Exchanges Disclosures & Communications © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Qualified (“Metal”) Insurance Plans Plan Level Actuarial Value Description Bronze 60% Actuarial value equals the total value of health care expenses paid by the plan, ranging from 60% to 90%. Actuarial values may be achieved by varying the level of cost- sharing across deductibles, co- payments and specific benefit offerings. Silver 70% Gold 80% Platinum 90% Catastrophic Limited to individuals under age 30 or in a defined financial hardship category © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Essential Health Benefits – 10 Statutory Categories 1. Ambulatory Patient Services 2. Emergency Services 3. Hospitalization 4. Maternity and Newborn Care 5. Mental Health and Substance Use Disorder Services, including Behavioral Health Treatment 6. Prescription Drugs 7. Rehabilitative and Habilitative Services and Devices 8. Laboratory Services 9. Preventive and Wellness Services and Chronic Disease Management 10. Pediatric Services, including Oral and Vision Care © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know About ACA Reforms Beginning January 2014 “Metal” plans assist comparison. Big Changes in Medical Networks: • PPO networks from Blue Cross, Cigna • Individual HMO Blue in TX, other states • Parkland HMO in Dallas County only More Coverage: Maternity, Mental/Emotional/Alcohol/Drug Abuse • More Wellness: Well Woman, Well Man, Immunizations, etc. • Child dental, vision included Coverage Mandates Plans Insurance Exchanges Disclosures & Communications © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Reforms Beginning January 2014 Adjusted Community Rating: • Rates Based on Claims within zip code of company headquarters or individual. • Rates are Unisex • Age Bands Changing from 6:1 >> 3:1 ratio • (++ for under age 35) • 50% increase allowed for smokers. • Higher Federal Taxes in rates. Coverage Mandates Rates Insurance Exchanges Disclosures & Communications © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Reforms Beginning January 2014 IRS Subsidies: • Companies: • Subsidies up to 50%, 25 or less employees, $30,000 or less income • Individuals: • Over 60% of Americans qualify ($88,500 for family of 4) • Go to goo.gl/LbldeU & see if you qualify* • Employee & Dependents not Eligible for Subsidy if Employer Offers Group Health Plan to Employees. Coverage Mandates Subsidies Insurance Exchanges Disclosures & Communications *(Or go to: TheMedicalInsuranceExchange.com/ obamacare-subsidy-calculator) © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Public/Private Exchanges for Small Employers and Individuals Online Market for Health Insurance • TX: federally owned and managed Exchange • 4 defined plan levels with mandated components • Subsidies for income below 400% of poverty. Agents, Brokers and Navigators • Agents and brokers can access public/private exchanges through certification process • Navigators are contracted and trained by exchanges © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Comparing Health Insurance Exchanges Public Exchanges Private Exchanges Oversight State Agency, Federal Government, or State-Federal Partnership Carrier or Private Operator Carrier Participation Regulated by State/Fed Exchange Contracted by Exchange Owner Plan Participants Qualified Individuals, and Qualified Employers Individuals, Small and Large Employers Voluntary Products No Contracted by Exchange Owner Plan Options and Design Mandated Actuarial-Value Plans (“Metallic Plans”) Mandated Actuarial-Value Plans (“Metallic Plans”) Guaranteed Issue with No Medical Underwriting Yes Yes Employer Financial Subsidy Unclear; Employer May Offer HRA Subsidy to Offset Premium Cost Not in TX (Yet) Availability of Federal Income-Based Subsidies Yes Yes Rating Restrictions Yes: Maximum Age Ratio 3:1; Smoker Ratio 1.5:1; Age-Based Rates; State-Specific Rates Yes: Maximum Age Ratio 3:1; Smoker Ratio 1.5:1; Age-Based Rates; State-Specific Rates © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Public/Private Exchanges for Small Employers and Individuals Federal Market for Individual Health Insurance in TX • TX: Blue Cross, CIGNA (Humana in Houston only) Private Exchanges operated by Brokers and Agents • Perform same functions as Federal Exchange • Secure subsidy qualification, application, health insurance selection, and checkout/payment. • Better expertise, training, advice from Pvt. Exchanges • Service before, during and after from Pvt. Exchanges • Best in Class Example: TheMedicalInsuranceExchange.com Federal and Pvt. SHOP Exchanges for small businesses operated by Brokers and Agencies beginning in 2015 © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Who Ya Gonna Call? Navigators and Assisters • Unlicensed, 6 hrs. of training, can only help answer questions about paperwork. Temporary positions. National Call Centers & Insurance Carriers • Licensed, but can’t help you compare. • Little experience, many are temporary positions. • Good luck getting through. • No service after enrollment. √ Broker/Agent Private Exchanges. • Superior Expertise, training, advice. • Service before, during and after enrollment. • Best in Class Example: TheMedicalInsuranceExchange.com © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Who Ya Gonna Trust? Would You Rather Share Your IRS Return, Social Security, and Protected Health Information to Apply for Health Insurance and for Tax Subsidy with: A. A Temporary Navigator or Assister? B. A Call Center Temp from a carrier or from www.e-HealthInsurance.com, ExtendHealth, etc.? C. √ A Licensed, Experienced, Trusted Broker & Employee Benefits Advisor from TheMedicalInsuranceExchange.com? © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Public/Private Exchanges for Small Employers and Individuals Open Enrollment Period: • October 1, 2013-March 31, 2014 Earliest Coverage Effective Date: • January 1, 2014 © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Key Things to Know Coverage Mandates Market Reforms Insurance Exchanges Disclosures & Communications Make an Appointment Now for 10/1 • Less than 1% of Health Insurance Agents & Brokers have gone through certification, and many have left the industry or don’t know enough about ACA. • ALL Navigators and Assisters have no experience, minimal training, and no background checks. • TheMedicalInsuranceExchange.com Certified, trained, experienced employee benefits advisors. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? BENEFITS FACTS: • 78% of employment is within businesses with fewer than 100 employees. • Fewer than 4 out of 10 of employers with less than 100 employees offered group health insurance plan in 2012. • Projections are that fewer than 2 out of 10 employers with less than 100 employees will offer group health by 2015/6. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO Offer a Group Health Plan: • Change Renewal Date to 12/1/13: • Delays changes until 12/1/14 • Many carriers offering to do this at no cost to maintain, increase market share. • This delays “Pain” for one year for employers and employees, but not necessarily the best option. Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO Offer a Group Health Plan: Self-Insurance Option • For companies with 50+ (healthy) Employees • Only pay employee claims (+ stop loss insurance) • Escape Community Rating and some mandates, taxes. Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO Offer a Group Health Plan: Terminate the Group Health Plan, and encourage employees to purchase through a Private Exchange and payroll deduct premiums: • Allows Employer to Recoup Years of Health Insurance Inflation Expense Increases and move to more of a known, fixed cost benefits contribution. Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO Offer a Group Health Plan: Terminate the Group Health Plan, and encourage employees to purchase through a Private Exchange and payroll deduct premiums. • Allows Employer to Compensate Employees in other ways that have less inflation. • Fund a Retirement Plan for owner, employees • Fund Voluntary Benefits like accident, life, disability, dental, vision that Employees can choose. • Fund a pay increase for loyal employees (and owners) Public & Pvt. Exchanges Vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO Offer a Group Health Plan: • Terminate health plan and encouraging employees to purchase through Exchange: • Gets The Employer out of Health Benefits Administration nightmares and Reduces Red Tape / Compliance. Public & Pvt. Exchanges Vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO NOT Offer a Group Health Plan: • Hold Employee Group Meeting and One on One sessions to counsel employees, qualify them for subsidies, and enroll in health insurance and other benefits. • Explain how not offering group health plan can actually save employees money by qualifying for subsidy. • Explain IRS penalties for no coverage. • Use me to communicate for effective, compliant meetings. Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Business? Options For Companies That DO NOT Offer a Group Health Plan: • Many businesses, especially smaller companies, are willing to contribute some fixed $$ amount per employee but cannot afford group health insurance. • Many other employee benefits are fixed/low inflation and can be pre-taxed. • Many employees and dependents are eligible for lower cost tax- subsidized health insurance that wouldn’t be if employer offered a group health plan. Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • For Business Owners/ HR Profs: Can Exchanges Help My Employees? Options For Employees of Companies That DO Offer Group Health Plan: • Enroll in company group health plan • Enroll Self and Family in Insurance Exchange • Exchange may cost less than employer plan, Employee gets IRS subsidy if employer’s plan costs employee more than 9.5% of monthly adjusted gross income. • Change jobs, go to work for a company with no benefits so employee qualifies for insurance subsidy for self, family. Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Can Exchanges Help My Business AND My Employees? In Many Cases, Terminating the Group Health Plan and Helping Employees Enroll in the Exchange is The Best and Most Affordable Option for Both the Employer And the Employees! Public & Pvt. Exchanges vs. Group Health © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • How Can I Best Help My Business AND My Employees? 1. Time is Running Out: Have a ACA Benefits Game Plan in place by 9/1. • What’s Best for Business • What’s Best for Employees 2. Hold Employee Meetings to Communicate & Confirm SBC & Employee Exchange Options (Note: Even companies not offering Group Health Plans Should Do This.) 3. Stay Compliant! © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Special Info for HR Professionals and Business Owners/CFOs © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Small Businesses: New Reporting Requirements in 2015 SHOP Exchange (2015) for Small Businesses: • New Reporting and Regulations for Small Group Health Plans. • Notify Exchange (Feds) when covered employee is terminated to end coverage. • Notify Exchange (Feds) when new employee is eligible for benefits or change in benefits. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Prepare for Your ERISA Audit* (Employee Retirement Investment Security Act) • Every Employer (Except Churches & Governments) offering employee benefits are subject to ERISA law (Dept. of Labor.) • Must inform employees and plan participants of their rights, coverage and entitlements “in plain English.” • Insurance carriers don’t provide all necessary language, only new SBC document (by 10/1). *Its only a matter of time… © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Prepare for Your ERISA Audit* (Employee Retirement Investment Security Act) • 75-90% of companies out of compliance. • One out of three employers getting ERISA documentation request in 2013 from DOL now. • The DOL intends to audit 75 percent of employers in Texas, 100% by 2017! • Employer must inform employees and plan participants of their rights, coverage and entitlements “in plain English.” *Its only a matter of time… © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Prepare for Your ERISA Audit* (Employee Retirement Investment Security Act) • Employers has 7 days to respond with the 24 items requested or face a full-blown financial & benefit audit. • Penalties from $100-$110/day per employee with three-year “look back” provision for ERISA language, up to $500,000 max. • For companies subject to Form 5500 filing, there’s no statute of limitations and the government can look all the way back. *Its only a matter of time… © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Prepare for Your ERISA Audit* (Employee Retirement Investment Security Act) • Whomever processes the ERISA filing for the company is personally liable. • Recommendation: Hire an ERISA Attorney or purchase an ERISA Wrap Product: • Captures all of a company’s benefits in one compliant, timely SPD for all company benefits. *Its only a matter of time… © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Can Exchanges Help Individuals and Families? What To Do NOW • Coverage for Now Until 12/31: • “Unbundling” Strategy: • COBRA Ins. > “unhealthy” family members. • Individual Ins.> “healthy” family members • Strongly consider short term plan to keep options open over next few months. Public & Pvt. Exchanges © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Can Exchanges Help Individuals and Families? What To Do NOW • Coverage for Now Until 12/31: • “Unbundling” Strategy: • COBRA Ins.: “unhealthy” family members. • Individual Ins.: “healthy” family members • Strongly consider short term plan to keep options open. • Make Appointment NOW for 10/1-10/31 for 1/2014 Coverage. Public & Pvt. Exchanges © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Can Exchanges Help Individuals and Families? What To Do 10/1-10/31 • Appointment: • Consultation to discuss impact of new options for family members: • Pre-ACA Individual plan by 12/1 • COBRA • ACA Exchange Plan with/without tax subsidy. • Non-ACA plan + Tax penalty Public & Pvt. Exchanges © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Can Exchanges Help Individuals and Families? Rates and Plans Expected to be Available to Brokers and Agents by 9/20/13. • Make an Appointment As Soon as Possible: • Consultation to discuss impact of new options for family members: • Pre-ACA Individual plan by 12/1 • COBRA • ACA Exchange Plan with/without tax subsidy. • Non-ACA plan + Tax penalty Public & Pvt. Exchanges © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • Can Exchanges Help Individuals and Families? Rates and Plans Expected to be Available to Brokers and Agents by 9/20/13. • Make an Appointment As Soon as Possible: • Evaluate “locking in” to a pre-ACA plan before year end • vs. COBRA • vs. an Exchange Plan & possible subsidy for 2014 • vs. paying tax penalty and non-ACA plan for 2014. Public & Pvt. Exchanges
  • Can Exchanges Help Individuals and Families? Rates and Plans Expected to be Available to Brokers and Agents by 9/20/13. • Make an Appointment As Soon as Possible: • Evaluate “locking in” to a pre-ACA plan before year end vs. COBRA vs. an Exchange Plan & possible subsidy for 2014 vs. paying tax penalty and non-ACA plan for 2014. • Needed for Appointment: Public & Pvt. Exchanges © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • The time for denial, procrastination, political pontification is over… • …ACA Open Enrollment is gonna happen! © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • Stiff Consequences to Employers who don’t have a strategy and action plan: • Tax Penalties • Business / Personal Compliance Audits and Penalties • Potentially Much Higher Expenses • Disgruntled / Financially-Damaged Employees © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • Stiff Consequences to Individuals who don’t have a strategy and action plan: • Tax Penalties • Potentially Much Higher Expenses • Potentially Harmful, Wrong Policy • Lost Opportunity to Get Affordable Coverage © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • Stiff Consequences to Professionals In Transition Who Don’t Have a Strategy and Action Plan: • Tax Penalties • Potentially Harmful, Wrong Policy • Lost Opportunity to Get Affordable Coverage • Loss of Traction in Job Search During 4th Quarter of 2013 © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • Every US citizen will have the option to enroll, many for the first time, in health insurance beginning October 1, 2013. • There are not nearly enough certified, licensed, experienced brokers and agents who will be available to give advice. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Like it or Not / Ready or Not: Get Set for Health Care Reform Oct. 1 Open Enrollment • It costs no more to work with a full-time professional. • It could cost you a lot more in time, tax penalties, and consequences of poor decisions if you don’t. • Make an appointment as soon as possible to prepare. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • August 20, 2013 – October 1, 2013 = 41 days! Appointment Preparation: (you will need to share this info with anyone who assists you*) • Names / Dates of Birth / Zip Code • Current Insurance Information • 1040, W-2 & current income info for subsidy calculation to determine best strategy. © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited. *(It is best to share your confidential info with a, licensed, experienced & trusted person.)
  • How Can You Help Me: • Help Me Help You: • Make Appointment: • Help Me Help Others: • Individuals/Families • Businesses • Help Me Reach/Teach Others: • Public Speaking © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.
  • How Can You Help Me: • Above All Else, © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited. TAKE ACTION! Then Pay It Forward!!!
  • Questions? Contact Mike Chapman Visit/Make Appointment: @ (214)764-6315 office 214-732-3691 cell mtchapman@endeavorgroup.net TheMedicalInsuranceExchange.com © 2013, Michael Chapman, TheMedicalInsuranceExchange.com. Reprints without prior authorization from author expressly prohibited.