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Health insurance rules outlined for California exchange

February 19, 2013February 19, 2013 Nordstrom

California officials share glimpse at future of health insurance market The California health insurance exchange is beginning to take form and consumers are finally getting a glimpse at what kind of policies will be provided through the system. The state has chosen to build and operate the exchange itself, accepting federal financial aid for the effort. This week, state officials have begun to provide some information concerning the kind of health insurance policies that will be available in the exchange beginning October of this year. Exchange to offer plans in…

Health insurance exchange in California now under construction

January 24, 2013April 30, 2013

The Golden State is now working on the first of the marketplaces in the country. An industry expert in California has said that it will be interesting to watch how the state works on developing the first health insurance exchange in the country and then implements it for use by its residents and small businesses. California has now received its federal government funding in order to implement the marketplace. In fact, the state is now the recipient of $674 million federal dollars for the implementation of its health insurance exchange.…

Covered California wins additional funding from federal government

January 22, 2013January 22, 2013 Nordstrom

Covered California receives $674 million grant The California health insurance exchange, which is called Covered California, has been awarded an additional $674 million in funds from the federal government. The funds will help with the development and launch of Covered California, as well as power the marketing campaign that will promote the health insurance exchange. The funds will be issued to the state over the next two years, with part of this grant to be used after Covered California officially begins operation in 2014. Funds to be used to market…

Covered California exchange program set in stone

November 17, 2012November 17, 2012 Nordstrom

Covered California plan approved by governing board The board that is meant to govern California’s efforts to build its own health insurance exchange have approved the operational plans for the program. This is a major step towards the state running its own health insurance exchange program and complying with federal deadlines. The California Health Benefit Exchange board, which has changed the name of the exchange program to Covered California, has sent its approval for the operational plans to the Governor’s Office, which is expected to forward these plans to the…

California health insurance exchange contract goes to Accenture

June 29, 2012April 30, 2013

Following competitive bidding, the state has made its award. Following a highly competitive bidding process, Accenture has been selected by the state in order to provide its California health insurance exchange. It is now responsible for the statewide California Healthcare Enrollment, Eligibility, and Retention System (CalHEERS). This contract has been valued at approximately $359 million, and is broken down into payments of $183 million for the initial creation, development and implementation by October of next year, followed by $176 million for the ongoing development as well as the cost of…