Why guaranteed lifetime withdrawal benefit election rates continue to rise.
Orange, CA (PRWEB) November 29, 2012
The Department of Health and Human Services extends the deadline for the Obamacare health insurance exchanges for states so that they may decide their intentions for the exchanges - if they decide to take part at all.
With the tit for tat still going on, it’s unclear whether or not states will be opting into the exchanges program. The President is asking the states to take on their own exchanges with the clause that policies offered will still be at the mercy of approval from the federal exchange.
Many states do not want to take part in the state-mandated exchange because it will mean costs ranging from $10 to $100 Million per year to maintain. In addition to the deep expenses, their exchanges will have to answer to higher powers leaving them essentially powerless in their own right.
And as the Boston Globe reports, those employers in the states where there is no established exchange will be exempt from the possible $2000 per employee tax if they don’t offer suitable coverage, leaving the fate of many in the balance.
Regardless of the state of the exchanges, American citizens will still be required to carry health insurance and being able to find a policy in a state where this is no exchange can prove tricky. HealthCompare, a nationally recognized health insurance comparison site, offers an alternative to state exchanges. It offers a place where health insurance comparisons can be made.
Those in state health insurance exchange states or not should visit HealthCompare to when seeking affordable medical coverage.
About Health Compare: HealthCompare was launched in 2009 to work with brokers and carriers to help individuals and families easily research, compare, buy, and enroll in the right health insurance plan at the right price. Based in Orange, Calif., it delivers accurate, customized, health insurance quotes for the country's diverse population.
Through a unique partnership with its sister company, CONEXIS, HealthCompare has the ability to quickly reach thousands of COBRA-qualifying consumers and provide them with COBRA alternatives at the moment they become eligible for COBRA benefits. This provides these consumers with an opportunity to enroll in individual or family plans and potentially save hundreds to thousands of dollars on COBRA premiums and, at the same time, rewards referring brokers with referral fee income for the life of each policy.
For more information, visit http://healthcompare.com/ or call 888.748.5152.
Read the full story at http://www.prweb.com/releases/2012/11/prweb10147300.htm