Association Health Plans (AHPs) are a method for Americans who are running a small business to band together regardless of the industry or geography they relate to. Under this authoritative regulation, more health coverage choices are offered to small businesses and their employees; and the plans they have chosen will be under the rules that are applicable to large group health plans because of he huge number of people that AHPs will cover. On the other hand, these plans are less prescriptive, thus they are more cost-efficient.
Before AHPs, there was unfair treatment between large and small companies. This left small business employers with no choice but to pay for expensive health coverage or provide no coverage at all. This may be the reason why there has been a decline of health plan coverage from different small businesses in the recent years. With AHPs, fortunately, this trend will soon be reversed.
As stated by the Congressional Budget Office, the latest presidential order may push around four hundred thousand uninsured Americans to apply for health coverage. Thus, there will be an estimated four million people in the U.S. who can register and take advantage of the latest AHPs. So, if you are looking for appropriate plans for your employees and business, you can approach the state and regional chambers of commerce and other associations who are more than willing to provide you with valuable coverage that is affordable while providing consumer protections and nondiscrimination provisions.
Although there is a lot more to be done to widen the reach of this innovative health care coverage, this rule offers new opportunities for small enterprises. There are several reforms that need action, and the U.S. Chamber of Commerce is doing their job in coordinating with the Congress to attain their goals of having a cost-efficient and stable health care system.
Finally, the approval of Association Health Plans (AHPs) is one vital move in the right direction for small business to now purchase a much more cost-efficient health insurance plan for employees. The U.S. Chamber applauded everyone behind this law, making it a reality and there will be more improvements to American health care that will be forthcoming in the future.
The Idaho Department of Insurance has made it possible to create association health plans (AHPs) for trade groups and chambers of commerce in accordance with the new guidelines established by the Department of Labor. Unlike traditional small business health insurance policies regulated by the Affordable Care Act, association health plan premiums are not based on a community pool of all small groups in the state, but are determined by the experience of the participating members of the organization.
Is Idaho unique in its acceptance of association health plans? Not at all. In fact, there are several surrounding states that have AHPs currently in place and more will follow.
Elevate Insurance currently has offices in Las Vegas, Nevada and Idaho Falls, Idaho. We proudly serve all of Nevada and Idaho focusing in the cities of Henderson, Las Vegas, and North Las Vegas, Nevada; and in Ammon, Blackfoot, Idaho Falls, Meridian and Rigby, Idaho.
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