Security Health Plan again approved to sell on Health Insurance Marketplace
For Hub City Times
MARSHFIELD — Security Health Plan of Wisconsin Inc. has again been recognized as a qualified health plan by the Centers for Medicare and Medicaid Services, able to offer health insurance coverage in 2016 through the Health Insurance Marketplace.
“The Health Insurance Marketplace helps individuals and families get high quality health care by making affordable health insurance coverage within reach,” said John Kelly, chief marketing and operations officer at Security Health Plan.
For 2016 Security Health Plan has expanded its popular Select exclusive provider network to nine additional counties: Ashland, Bayfield, Burnett, Douglas, Oneida, Portage, Washburn, Vilas, and Wood. Select offers a top-notch selection of high quality health care providers, including Marshfield Clinic and now Essentia providers in northwestern Wisconsin.
Only insurance companies approved as qualified health plans are eligible to offer coverage through the Marketplace. Purchasing a plan through the Health Insurance Marketplace is the only way consumers can receive a tax credit to reduce monthly health insurance premiums.
Beginning Nov. 1, 2015, consumers will be able to compare plan options, calculate what tax subsidy they might qualify for, and enroll in a plan at securityhealth.org/myplans. The open enrollment period will last through Jan. 31, 2016.
Those who are re-enrolling for 2016 will not have to make any changes during the open enrollment time period if they do not want to change plans. Their enrollment and tax credit information will be automatically updated with no break in coverage.
The Health Insurance Marketplace was launched two years ago as part of the Affordable Care Act. According to statistics from the state Office of the Commissioner of Insurance, Security Health Plan has led Wisconsin in member enrollments with more than 29,000 individual and family enrollments through the Marketplace.
“By now most people know that the law requires them to have health insurance, and most probably know that the penalty for not having insurance will increase significantly next year,” Kelly said. “Just the same, to make sure that anyone who needs health care coverage can get health care coverage, we’ll conduct a vigorous campaign to help them get a plan that meets their needs.”