Security Health Plan again approved to sell on Federally Facilitated 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 2017 through the Federally Facilitated Marketplace.
“The Federally Facilitated Marketplace helps individuals and families get high-quality health care by making affordable health insurance coverage within reach,” said Marty Anderson, chief marketing officer at Security Health Plan.
Only insurance companies approved as a Qualified Health Plan are eligible to offer coverage through the Marketplace. Purchasing a plan through the Federally Facilitated Marketplace is the only way consumers can receive tax credits and cost sharing reductions to lower their monthly health insurance premiums and out-of-pocket costs.
Beginning Nov. 1, consumers will be able to compare plan options, calculate what tax subsidy they might qualify for, and enroll in a plan at securityhealth.org/find-your-plan. The open enrollment period will last through Jan. 31, 2017.
Most consumers who are re-enrolling for 2017 will not have to make any changes during open enrollment if they do not want to change plans. Their enrollment and tax credit information will be automatically updated with no break in coverage.