Both the Senate and House versions include an individual mandate. This will make it mandatory for most people to have health insurance. Shopping will be easy for those who are looking — both bills make insurance companies unable to deny coverage or charge excessive prices to people with pre-existing conditions.
This bill could cover up to 31 million Americans who are uninsured. If the 2007 Massachusetts mandate’s after-effects are any indication, then we can expect some changes to the way people buy health insurance. Many more people will search online for health insurance.
“With a national health insurance mandate, the pool of online shoppers promises to grow as new legislation will shrink the ranks of the uninsured,”All Web Leads provided a summary of a new study.
Massachusetts has seen a rise in online coverage shopping due to the mandate. Massachusetts is number one in the country for people who shop online for health insurance. This is logical: those without health insurance must buy it. Those with insurance need better coverage and more affordable plans.
The Massachusetts plan contains something called “the Connector,”An independent state agency, which is designed to assist residents in finding the coverage they need. Both versions of the health care bill will include insurance exchanges like the Connector.
Insurance exchanges could theoretically make it easier for consumers to compare private health insurance plans. These Web-accessible marketplaces will offer plans that meet the minimum federal coverage standards. This ensures that consumers don’t purchase plans that have loopholes that permit companies to deny coverage.
Finding multiple quotes from competitive companies becomes more important as mandated federal restrictions remove the benefits and coverage differences between policies. Web sites like www.healthinsuranceweb.comThese free quotes can be a great resource for anyone looking to purchase health insurance or improve their existing coverage.
