Health Benefit Exchange Gives Uninsured Consumers Access to High-Quality, Affordable Health Care
In accordance with the Patient Protection and Affordable Care Act, passed in March of 2010, the California Health Benefit Exchange is slated to go into effect on January 1, 2014. The Health Benefit Exchange is essentially a health plan “marketplace” where uninsured individuals and small businesses can shop for and purchase high-quality health insurance. Individuals with low to moderate incomes, and small businesses of less than 100 employees will be eligible for federal tax credits and cost-sharing subsidies previously only available to those with employer-based heath insurance.
Through the California Health Benefit Exchange, consumers will be able to shop for and purchase health insurance on the private market. They will gain greater purchasing power due to a more stable risk pool, increased competition among insurers, and the ability to “comparison shop” for healthcare.
The Exchange will operate as a web-based service that acts as a “portal” for numerous health plans, enabling health care plan shoppers to compare coverage, offerings, rates, services and more. The Exchange will provide clear, easy-to-understand information to consumers through their website, which will offer standardized, detailed information about the plans, access to health plan experts, and a toll-free number to call for more information.
If you would like to learn more about the California Health Benefit Exchange and its impact on translation needs, download our Special Report. Although the Exchange will not go into effect until 2014, many health care organizations are already laying the groundwork for ramped-up translation efforts utilizing numerous threshold languages. Starting the translation process now will ensure that LEP healthcare consumers have the information they need to make informed decisions once they are using the Health Benefit Exchange website.