Do You Know Which Type of Health Insurance Exchange Your State Will Have?

Starting October 1st, 2013, all states are required to have Health Insurance Exchanges established for consumers to enroll in. Read on to test your knowledge of this topic.

Can you match the type of health insurance exchange with its respective number of states that have declared that method?

Look at the map ¹ below to see the answers!

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Out of the 30 million people who will become insured under the Affordable Care Act, 45% will be able to obtain coverage from the new exchanges². This diagram shows what the population of these people are comprised of:

States that have decided to establish their own exchanges have the ability to exert more control over the requirements of their exchanges. For example, a state can either expand or limit the amount of insurers that can participate in its exchange as compared to the federal exchanges’ specifications. The state can also require the participating insurers to include more benefits than the governmental exchanges set. As you can see, exchanges can widely vary depending on which type of exchange a state decides upon.

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¹ <http://kff.org/health-reform/state-indicator/health-insurance-exchanges/#map>.

² <http://www.pwc.com/us/en/health-industries/publications/health-insurance-exchanges-and-medicaid-expansion.jhtml>.

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