The AIA Trust just launched a brand new health coverage benefit for AIA members!
At the beginning of 2014, the newest and largest phase of the Affordable Care Act (ACA) emerged, raising specific issues that affect everyone, especially those who are self-employed and those with a small staff. The new service offered to AIA members—just in time for Open Enrollment starting November 15th—helps you to answer your questions about how to assess your own personal situation, identify what plans are available to you on both public and private exchanges as well as their respective coverage and costs, determine whether you (or your employees) qualify for any premium tax subsidies and how that works. For coverage starting in 2015, the Open Enrollment period is November 15, 2014 through February 15, 2015 to enroll in a Qualified Health Plan.
Tthe new AIA Trust Health Insurance Exchange is accessible online and by a toll-free number and enables you to shop multiple quality carriers like: Blue Cross, Aetna, Assurant, Cigna, Humana and many others. It is important to note that plan designs and access to products will vary by state. You can apply online or over the phone (or check out offerings online then call with questions) and ensure that any pre-existing conditions will be covered—no medical questions will be asked. When you call, you will speak with a licensed and certified Exchange Specialist who has their own toll-free number so you may call back and speak with the same individual – even after you receive your policy.
You may access both Federal and State Exchange marketplaces and look at plans off the Exchanges as well, to decide what’s best for your situation. In addition, non ACA-qualified plans may be available for less money and while a tax penalty may apply, it may be a trade-off worth considering. Please note that due to state regulations in Vermont and Hawaii, this new service is only able to direct members in those states to their state exchanges; private exchanges are not able to be offered in either of these states.
If you are an employer, this new service is able to help you determine whether continuing healthcare coverage for your employees makes sense or whether considering alternative benefits for your employees such as funding Health Savings Accounts (HSAs) or retirement savings while allowing employees to purchase coverage on the Exchange makes more sense. In addition, members who are employers have access to various group plans and will receive information about any tax credits that might be available.
For more information about the options available, explanation of terminology and ACA provisions, and to access the new AIA Trust Health Insurance Exchange, visit the AIA Trust website healthcare page by clicking here.